SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Large Volume Increase – Should You Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMPGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 267,643 shares traded hands during mid-day trading, an increase of 207% from the previous session’s volume of 87,148 shares.The stock last traded at $73.82 and had previously closed at $74.28.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The company has a 50 day moving average price of $64.99 and a 200 day moving average price of $63.15. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 20.26 and a beta of 1.30.

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

Several large investors have recently modified their holdings of the business. Comprehensive Money Management Services LLC lifted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 1.0% in the 4th quarter. Comprehensive Money Management Services LLC now owns 20,460 shares of the company’s stock valued at $1,222,000 after purchasing an additional 199 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 10,354 shares of the company’s stock valued at $645,000 after purchasing an additional 208 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 1.8% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 12,483 shares of the company’s stock valued at $746,000 after purchasing an additional 221 shares during the last quarter. Creative Planning lifted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 2.7% in the 3rd quarter. Creative Planning now owns 8,725 shares of the company’s stock valued at $543,000 after purchasing an additional 231 shares during the last quarter. Finally, MGO One Seven LLC lifted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 0.5% in the 4th quarter. MGO One Seven LLC now owns 69,983 shares of the company’s stock valued at $4,180,000 after purchasing an additional 318 shares during the last quarter.

About SPDR S&P Kensho New Economies Composite ETF

(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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