Synergy Asset Management LLC Makes New $4.15 Million Investment in Renaissance IPO ETF (NYSEARCA:IPO)

Synergy Asset Management LLC acquired a new stake in Renaissance IPO ETF (NYSEARCA:IPO – Free Report) in the fourth quarter, the company said in its most recent filing on Form 13F with the Securities and Exchange Commission. The institutional investor bought 110,084 shares of the company's stock valued at approximately $4,151,000. Synergy Asset Management LLC owned 1.64% of the Renaissance IPO ETF as of the most recent SEC filing.

A number of other major investors have also recently changed their positions in the stock. JPMorgan Chase & Co. acquired a new stake in Renaissance IPO ETF in the 1st quarter valued at $26,000. Captrust Financial Advisors increased its holdings in Renaissance IPO ETF by 85.2% in the first quarter. Captrust Financial Advisors now owns 1,522 shares of the company's stock valued at $67,000 after purchasing an additional 700 shares during the period. MML Investors Services LLC increased its holdings in Renaissance IPO ETF by 2.6% in the first quarter. MML Investors Services LLC now owns 29,452 shares of the company's stock valued at $862,000 after purchasing an additional 746 shares during the period. Osaic Holdings Inc. increased its holdings in Renaissance IPO ETF by 6.0% in the second quarter. Osaic Holdings Inc. now owns 13,883 shares of the company's stock valued at $455,000 after purchasing an additional 785 shares during the period. Finally, UBS Group AG increased its position in shares of the Renaissance IPO ETF by 4.3% in the third quarter. UBS Group AG now owns 19,350 shares of the company's stock valued at $619,000 after purchasing an additional 795 shares in the last quarter.

Renaissance IPO ETF Trading Up 0.4%

IPO shares opened at $41.52 on Friday. The company's fifty day moving average price is $38.22 and its two hundred day moving average price is $35.05. The Renaissance IPO ETF has a 52-week low of $27.07 and a 52-week high of $42.40.

About the Renaissance IPO ETF

(Free Report)

The Renaissance IPO ETF (IPO) is an exchange-traded fund based on the FTSE Renaissance IPO Index. The fund tracks a market capitalization-weighted index of recent U.S.-listed IPOs. The fund purchases issues within 90 days or sooner of the IPO and sells them after three years. The IPO was launched on October 14, 2013 and is managed by Renaissance.

further reading

Want to see which other hedge funds are doing an IPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for the Renaissance IPO ETF (NYSEARCA:IPO – Free Report).

Get news and reviews for the Renaissance IPO ETF daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Renaissance IPO ETF and related companies with MarketBeat.com's FREE daily email newsletter.