IPO - Renaissance IPO ETF
| Assets | $700.98M |
| NAV | $64.31 |
| Expense Ratio | 0.60% |
| PE Ratio | n/a |
| Beta (5Y) | 1.26 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | Mar 20, 2020 |
| 1-Year Return | - |
| Trading Day | April 13 |
| Last Price | $66.23 |
| Previous Close | $64.32 |
| Change ($) | 1.91 |
| Change (%) | 2.97% |
| Day's Open | 64.54 |
| Day's Range | 64.52 - 66.33 |
| Day's Volume | 424,800 |
| 52-Week Range | 27.42 - 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
54.21% of assets| Name | Symbol | Weight |
|---|---|---|
| Uber Technologies | UBER | 10.06% |
| Zoom Video Communications | ZM | 9.45% |
| PINS | 6.56% | |
| CrowdStrike | CRWD | 6.26% |
| Peloton Interactive | PTON | 5.84% |
| Slack Technologies | WORK | 4.18% |
| Avantor | AVTR | 3.24% |
| Lyft | LYFT | 3.01% |
| Roblox | RBLX | 2.89% |
| Datadog | DDOG | 2.73% |
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 |
The pending Coinbase direct listing is exciting a broad base of the investment community outside the usual cryptocurrency crowd.
The global market for initial public offerings is on its way to see its biggest-ever first quarter.
One benefit of technology ETFs and ETFs more broadly is that they make it fairly easy to obtain steady, consistent growth. If you pick a high-quality ETF that tracks a rapidly expanding sector your inve...
Amazon-backed EV start-up Rivian Automotive is planning for an IPO. These ETFs may gain from the move.
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
Mark Yusko, CEO, chief investment officer and founder of Morgan Creek Capital Management, discusses his firm's latest SPAC ETF. With Morningstar's Ben Johnson and CNBC's Bob Pisani.
Morgan Stanley's M&A chief explains why SPAC deals are advantageous for many companies
Robert Kindler, Morgan Stanley vice chairman and global head of M&A, joined "Squawk Box" on Friday to discuss what he thinks is behind the appeal of SPAC deals and the disconnect between valuations in t...
Cryptocurrency and SPACs are just some of the issues that could be on the agenda for the Biden administration, ETF Trends CEO Tom Lydon says.
Fun fact: Over the past decade, exchange-traded funds hauled in $2.7 trillion in new assets while actively managed mutual funds bled $684 billion. That trend isn't stopping.
Lonsdale: Market has undervalued durable tech platforms for years
"It's clear the market has really undervalued a lot of these durable tech platforms for many years," Joe Lonsdale, 8VC founding partner and Palantir co-founder, told CNBC's "Squawk Box" Thursday. "Looki...
These ETFs provide diversified exposure to hottest IPOs
IPO ETF Inflow Surges to Record on Airbnb, DoorDash Listings
Dec.11 -- IPOs from Airbnb Inc. and DoorDash Inc. sparked record weekly inflow for the Renaissance IPO ETF, even though the fund doesn't yet hold either of those stocks. Bloomberg's Katie Greifeld has t...
The markets might be getting frothy with excess and this week's IPO bonanza epitomizes the market's lust for risk.
We have presented a bunch of top-performing ETFs from various corners of the market that gained in triple digits from a year-to-date look and will likely continue outperforming, should the trends prevail.
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 ...
ETFs that track new IPOs and innovation can add a spark to your portfolio.
The fourth quarter of this year could be ruled by tech IPOs.
Here are the IPOs setting their prices amid the market sell-off
Companies carefully plan their IPOs, hoping to pick the best time to go public. Sometimes you go public during a major market sell-off.
It takes a high degree of due diligence for investor capitalists to rifle through the mass number of investment opportunities to find that next big initial public offering (IPO). Just like how Microsoft...
Technology continues to play a heavy role in the Covid-19 pandemic as the world transitions to a new degree of normalcy. As such, software companies that enable technological advances will also benefit ...
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.
To say that 2020 “has been interesting” thus far would be an understatement, but when it comes to exchange-traded funds (ETFs), that’s truly the case. Investorplace published their 10 best ETFs so far f...
Hundreds of IPOs and SPACs have come on the market this year but how do you know which ones to buy?
While jitters will emanate from the U.S. presidential election and global banking sector woes amid news of money laundering, strength may be added by President Trump's fast recovering health, stimulus t...
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...
The IPO ETF continues to demonstrate strength towards the end of 2020. And it should remain one of the best ETFs in the years ahead as well.
After a superb August, September turned gloomy for Wall Street.
These ETFs provide diversified exposure to hottest IPOs
We have highlighted five ETFs from different corners of the equity market that raked in more than 25% gains in the third quarter and could be better plays if the trend prevails.
Direct Listing Have Bad Track Record, Says Renaissance Capital's Smith
Sep.29 -- Kathleen Smith, IPO ETF manager at Renaissance Capital LLC., talks about companies going public through direct listings.
It's a big week for public debuts. Here's how the flood could impact ETFs, per three market analysts
With Palantir and Asana's direct listings on deck, three market watchers break down what 2020's share issuances could mean for exchange-traded fund investors.
The best could be yet to come for initial public offerings (IPOs) in the third quarter. According a recent MarketWatch report, the IPO market could see 11 deals and two direct listings this week, which ...
How new listings ahead may impact the IPO ETF
CNBC's Bob Pisani discusses moves in exchange-traded funds ahead of IPOs this week with Kim Arthur of Main Management and Tim Seymour, who is a "Fast Money" trader.
While the coronavirus has upended many businesses, the initial public offerings market along with related exchange traded fund has been enjoying one their best year ever.
ETF Trends CEO Tom Lydon discussed the Renaissance IPO ETF (IPO) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. The Renaissance IPO ETF adds positions of the most signi...
The combination of lofty valuation, lack of additional fiscal stimulus package, election uncertainty and rising U.S.-China tensions weighed on investors' sentiment.
Corporate actions like IPOs, M&A and spinoffs are picking up pace. These ETFs may benefit.
Billionaire investor Warren Buffett is known for his reluctance to invest in the technology sector. However, with changing times, his Berkshire Hathaway has also started taking interested in tech shares.