SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Strong Trading Volume – What’s Next?

Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) saw an uptick in trading volume on Tuesday . 535,321 shares were traded during trading, an increase of 383% from the previous session’s volume of 110,856 shares.The stock last traded at $53.73 and had previously closed at $54.43.

SPDR S&P Kensho New Economies Composite ETF Price Performance

The company has a fifty day moving average of $49.07 and a 200-day moving average of $47.73. The firm has a market cap of $2.22 billion, a P/E ratio of 22.21 and a beta of 1.39.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in KOMP. Ashton Thomas Private Wealth LLC purchased a new stake in SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter valued at approximately $67,000. One Capital Management LLC purchased a new stake in SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter valued at about $725,000. Strategic Advocates LLC grew its stake in shares of 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 purchasing an additional 22,348 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the second quarter valued at about $285,000. Finally, Global Financial Private Client LLC acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the second quarter valued at approximately $63,000.

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.