SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Reaches New 1-Year Low – Here’s What Happened

Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMPGet Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $42.36 and last traded at $42.61, with a volume of 9247 shares trading hands. The stock had previously closed at $44.77.

SPDR S&P Kensho New Economies Composite ETF Trading Down 5.5 %

The firm has a market capitalization of $1.75 billion, a P/E ratio of 22.63 and a beta of 1.28. The firm has a 50 day moving average price of $50.58 and a 200-day moving average price of $51.08.

SPDR S&P Kensho New Economies Composite ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a $0.1153 dividend. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On SPDR S&P Kensho New Economies Composite ETF

Institutional investors have recently modified their holdings of the stock. Crews Bank & Trust acquired a new stake in SPDR S&P Kensho New Economies Composite ETF during the fourth quarter worth about $25,000. Coppell Advisory Solutions LLC acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter worth approximately $36,000. Flow Traders U.S. LLC purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter valued at approximately $203,000. Fisher Asset Management LLC acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the 4th quarter valued at $223,000. Finally, JPMorgan Chase & Co. boosted its holdings in SPDR S&P Kensho New Economies Composite ETF by 3,001.4% during the third quarter. JPMorgan Chase & Co. now owns 4,590 shares of the company’s stock worth $226,000 after buying an additional 4,442 shares in the last quarter.

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.

Further Reading

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