SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sets New 52-Week High – Should You Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $67.07 and last traded at $67.07, with a volume of 2348 shares. The stock had previously closed at $66.60.

SPDR S&P Kensho New Economies Composite ETF Trading Up 0.8%

The company has a market cap of $2.67 billion, a P/E ratio of 20.26 and a beta of 1.26. The business’s 50 day simple moving average is $61.71 and its 200 day simple moving average is $62.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KOMP. Midland Wealth Advisors LLC lifted its position in shares of SPDR S&P Kensho New Economies Composite ETF by 13.9% during the fourth quarter. Midland Wealth Advisors LLC now owns 1,149,359 shares of the company’s stock worth $68,651,000 after purchasing an additional 140,108 shares during the last quarter. Strategic Advocates LLC raised its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 3.0% in the fourth quarter. Strategic Advocates LLC now owns 587,122 shares of the company’s stock valued at $35,298,000 after acquiring an additional 16,890 shares in the last quarter. LPL Financial LLC raised its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 21.1% in the fourth quarter. LPL Financial LLC now owns 166,867 shares of the company’s stock valued at $9,967,000 after acquiring an additional 29,053 shares in the last quarter. Sava Penzisko Drushtvo A.D. Skopje bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter valued at about $10,324,000. Finally, Moulton Wealth Management Inc. bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the fourth quarter valued at about $8,580,000.

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.