Sherman Asset Management Inc. Purchases Shares of 14,547 SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP)

Sherman Asset Management Inc. purchased a new stake in SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,547 shares of the company’s stock, valued at approximately $739,000. SPDR S&P Kensho New Economies Composite ETF makes up approximately 0.7% of Sherman Asset Management Inc.’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds also recently bought and sold shares of the stock. Fisher Asset Management LLC acquired a new stake in SPDR S&P Kensho New Economies Composite ETF in the 4th quarter valued at about $223,000. Strategic Advocates LLC raised its position in SPDR S&P Kensho New Economies Composite ETF by 3.9% in the 4th quarter. Strategic Advocates LLC now owns 515,462 shares of the company’s stock valued at $26,201,000 after purchasing an additional 19,429 shares in the last quarter. Crews Bank & Trust acquired a new stake in SPDR S&P Kensho New Economies Composite ETF in the 4th quarter valued at about $25,000. JPMorgan Chase & Co. raised its position in SPDR S&P Kensho New Economies Composite ETF by 3,001.4% in the 3rd 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 in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter valued at about $203,000.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

Shares of NYSEARCA KOMP opened at $50.45 on Friday. SPDR S&P Kensho New Economies Composite ETF has a fifty-two week low of $43.14 and a fifty-two week high of $55.31. The firm has a market capitalization of $2.08 billion, a PE ratio of 24.18 and a beta of 1.24. The stock’s 50-day simple moving average is $52.47 and its 200-day simple moving average is $50.99.

SPDR S&P Kensho New Economies Composite ETF 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.