SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Reaches New 1-Year High – What’s Next?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares hit a new 52-week high on Wednesday . The company traded as high as $50.85 and last traded at $50.85, with a volume of 10800 shares trading hands. The stock had previously closed at $50.28.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The business’s 50-day moving average price is $48.55 and its 200-day moving average price is $47.31. The stock has a market cap of $2.04 billion, a P/E ratio of 22.21 and a beta of 1.39.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in SPDR S&P Kensho New Economies Composite ETF during the second quarter valued at approximately $67,000. One Capital Management LLC purchased a new position in SPDR S&P Kensho New Economies Composite ETF during the second quarter valued at approximately $725,000. Strategic Advocates LLC increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 4.7% during the third quarter. Strategic Advocates LLC now owns 496,033 shares of the company’s stock valued at $24,469,000 after buying an additional 22,348 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in SPDR S&P Kensho New Economies Composite ETF in the second quarter worth $285,000. Finally, Global Financial Private Client LLC purchased a new position in SPDR S&P Kensho New Economies Composite ETF in the second quarter worth $63,000.

About SPDR S&P Kensho New Economies Composite ETF

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.