SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sets New 52-Week High – Here’s Why

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $66.70 and last traded at $66.6740, with a volume of 19630 shares changing hands. The stock had previously closed at $65.56.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 20.26 and a beta of 1.30. The stock’s fifty day simple moving average is $61.71 and its two-hundred day simple moving average is $60.55.

Institutional Trading of SPDR S&P Kensho New Economies Composite ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. McCarthy & Cox increased its position in SPDR S&P Kensho New Economies Composite ETF by 0.3% in the third quarter. McCarthy & Cox now owns 56,706 shares of the company’s stock worth $3,531,000 after purchasing an additional 191 shares during the last quarter. Comprehensive Money Management Services LLC boosted its stake in SPDR S&P Kensho New Economies Composite ETF by 1.0% during the fourth quarter. Comprehensive Money Management Services LLC now owns 20,460 shares of the company’s stock worth $1,222,000 after buying an additional 199 shares during the period. OneDigital Investment Advisors LLC increased its position in SPDR S&P Kensho New Economies Composite ETF by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 10,354 shares of the company’s stock valued at $645,000 after acquiring an additional 208 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of SPDR S&P Kensho New Economies Composite ETF by 1.8% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 12,483 shares of the company’s stock valued at $746,000 after buying an additional 221 shares during the period. Finally, Creative Planning boosted its holdings in SPDR S&P Kensho New Economies Composite ETF by 2.7% during the 3rd quarter. Creative Planning now owns 8,725 shares of the company’s stock valued at $543,000 after acquiring an additional 231 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.