SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sets New 12-Month High – Should You Buy?

Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMPGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $52.04 and last traded at $52.04, with a volume of 2493 shares trading hands. The stock had previously closed at $50.59.

SPDR S&P Kensho New Economies Composite ETF Price Performance

The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 22.21 and a beta of 1.39. The stock has a 50 day moving average price of $48.67 and a two-hundred day moving average price of $47.50.

Institutional Investors Weigh In On SPDR S&P Kensho New Economies Composite ETF

A number of institutional investors and hedge funds have recently modified their holdings of KOMP. Strategic Advocates LLC grew its holdings in SPDR S&P Kensho New Economies Composite ETF by 4.7% during the 3rd quarter. Strategic Advocates LLC now owns 496,033 shares of the company’s stock worth $24,469,000 after acquiring an additional 22,348 shares during the last quarter. One Capital Management LLC bought a new position in SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter worth approximately $725,000. Kingswood Wealth Advisors LLC purchased a new stake in SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter worth approximately $285,000. Lynx Investment Advisory bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the second quarter worth approximately $280,000. Finally, Family Firm Inc. purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter worth about $95,000.

SPDR S&P Kensho New Economies Composite ETF Company Profile

(Get Free Report)

The SPDR S&P Kensho New Economies Composite ETF (KOMP) is an exchange-traded fund that is based on the S&P Kensho New Economies Composite index. The fund tracks a tier-weighted index of US-listed companies with products or services that disrupt traditional industries. KOMP was launched on Oct 22, 2018 and is managed by State Street.

Featured Stories

Receive News & Ratings for SPDR S&P Kensho New Economies Composite ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Kensho New Economies Composite ETF and related companies with MarketBeat.com's FREE daily email newsletter.