SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Trading 2.2% Higher – Here’s Why

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP)’s stock price was up 2.2% during mid-day trading on Tuesday . The company traded as high as $53.76 and last traded at $53.66. Approximately 99,582 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 96,699 shares. The stock had previously closed at $52.50.

SPDR S&P Kensho New Economies Composite ETF Trading Up 2.2 %

The stock has a market capitalization of $2.23 billion, a PE ratio of 22.21 and a beta of 1.39. The firm has a 50-day moving average price of $52.61 and a 200-day moving average price of $49.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Advocates LLC raised its stake in SPDR S&P Kensho New Economies Composite ETF by 4.7% in the 3rd quarter. Strategic Advocates LLC now owns 496,033 shares of the company’s stock valued at $24,469,000 after acquiring an additional 22,348 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter worth about $203,000. Finally, JPMorgan Chase & Co. raised its position in shares of SPDR S&P Kensho New Economies Composite ETF by 3,001.4% in the third quarter. JPMorgan Chase & Co. now owns 4,590 shares of the company’s stock valued at $226,000 after purchasing an additional 4,442 shares during the period.

SPDR S&P Kensho New Economies Composite ETF Company Profile

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.