IPO - Renaissance IPO ETF
| Assets | $546.01M |
| NAV | $63.49 |
| Expense Ratio | 0.60% |
| PE Ratio | n/a |
| Beta (5Y) | 1.21 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | Mar 20, 2020 |
| 1-Year Return | - |
| Trading Day | July 29 |
| Last Price | $62.93 |
| Previous Close | $63.45 |
| Change ($) | -0.52 |
| Change (%) | -0.82% |
| Day's Open | 63.77 |
| Day's Range | 62.93 - 64.02 |
| Day's Volume | 142,089 |
| 52-Week Range | 42.52 - 77.05 |
Fund Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the index). The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the index. It normally invests at least 80% of its total assets in securities that comprise the index. The index is a portfolio of companies that have recently completed an initial public offering (IPO) and are listed on a U.S. exchange. The fund is non-diversified.
| Asset Class Portfolio-Multi Asset | Sector Managed ETFs |
| Region Global | Inception Date Oct 14, 2013 |
| Exchange NYSEARCA | Ticker Symbol IPO |
| Index Tracked Renaissance IPO Index | |
Top 10 Holdings
54.19% of assets| Name | Symbol | Weight |
|---|---|---|
| Snowflake | SNOW | 11.01% |
| Palantir | PLTR | 6.81% |
| Peloton Interactive | PTON | 5.98% |
| Cloudflare | NET | 5.59% |
| Coinbase | COIN | 5.17% |
| DoorDash | DASH | 4.80% |
| Datadog | DDOG | 4.69% |
| Airbnb | ABNB | 4.23% |
| Unity Software | U | 2.97% |
| XPeng | XPEV | 2.94% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 20, 2020 | $0.066 | Mar 27, 2020 |
| Dec 13, 2019 | $0.064 | Dec 20, 2019 |
| Jun 14, 2019 | $0.019 | Jun 21, 2019 |
| Mar 15, 2019 | $0.062 | Mar 22, 2019 |
| Sep 14, 2018 | $0.017 | Sep 21, 2018 |
| Jun 15, 2018 | $0.0675 | Jun 22, 2018 |
Companies are racing to launch IPOs as the market hits all time highs. Here are some companies and ETFs to be part of the action.
The global market for initial public offerings was off to a great start this year and is still running hot. There have been 250 IPOs priced this year, up 190.7% from last year.
"A little bit of fear in the market" will likely help investors in ETFs such as Renaissance Capital's U.S. IPO ETF, the firm's chairman says.
ETF Edge, July 7, 2021
CNBC's Frank Holland digs into the latest trends impacting exchange-traded funds with Dave Nadig, chief investment officer and director of research at ETF Trends, Kathleen Smith, chairman, principal and...
SPACs fizzle, IPOs sizzle: How China's cybersecurity crackdown could impact the space
Kathleen Smith, chairman, principal and co-founder of Renaissance Capital, Dave Nadig, chief investment officer and director of research at ETF Trends, and Jay Rhame, CEO of Reaves Asset Management, tal...
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Choose your flavor of SPAC access: index-based, SPAC-only active or active equal weight.
Unpacking the newest SPAC ETF with the man behind its launch
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These ETFs provide diversified exposure to hottest IPOs
IPO ETF Inflow Surges to Record on Airbnb, DoorDash Listings
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The markets might be getting frothy with excess and this week's IPO bonanza epitomizes the market's lust for risk.
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Companies have raised the most money in IPOs ever amid insatiable investor demand.
The IPO market has been heating up recently, and the latest famed entrant, Airbnb, trading under the ticker ABNB, opened at $146 per share on its first day of trading on Thursday, which was a greater th...
IPO ETF may fell on Dec 9 on broader market concerns, the prospect looks pretty upbeat.
The year ahead will see a spate of public market newcomers, possibly including SpaceX, Waymo and Instacart, says Renaissance Capital's Kathleen Smith.
What could lie store for IPOs and SPACs in 2021: ETF analysts
Renaissance Capital Chairman and co-founder Kathleen Smith and Defiance ETFs President Paul Dellaquila share their 2021 outlook for IPOs and SPACs. With CNBC's Bob Pisani.
The U.S. IPO market has been hot this year and new offerings from several high-profile names scheduled this month should boost the space even further.
Christmas Is Coming Early In The IPO Market: DASH & ABNB
Shares of Slack were on fire on Wednesday, surging as much as 32% before tempering gains, after a report from analysts that Salesforce was in discussions to purchase the company. While Salesforce stock ...
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Here are the IPOs setting their prices amid the market sell-off
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IPOs have been red-hot this year. The momentum may slowdown just ahead of and right after the election due to policy uncertainties, but long-term potential is bright.
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The Covid-19 pandemic painted a cloudy picture for initial public offerings (IPOs) to start 2020, but they’re set to finish the year strong. With key IPOs already in the works, this makes a case for a r...