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

Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) hit a new 52-week high during trading on Wednesday . The company traded as high as $65.06 and last traded at $64.07, with a volume of 135919 shares. The stock had previously closed at $64.79.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 20.26 and a beta of 1.17. The business’s fifty day simple moving average is $59.08 and its 200 day simple moving average is $53.35.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Comprehensive Money Management Services LLC increased its position in shares of SPDR S&P Kensho New Economies Composite ETF by 4.0% in the 2nd quarter. Comprehensive Money Management Services LLC now owns 20,210 shares of the company’s stock worth $1,099,000 after purchasing an additional 775 shares during the last quarter. Good Life Advisors LLC increased its position in shares of SPDR S&P Kensho New Economies Composite ETF by 1.9% in the 2nd quarter. Good Life Advisors LLC now owns 50,838 shares of the company’s stock worth $2,765,000 after purchasing an additional 955 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of SPDR S&P Kensho New Economies Composite ETF by 21.5% in the 2nd quarter. Wealthfront Advisers LLC now owns 5,466 shares of the company’s stock worth $297,000 after purchasing an additional 968 shares during the last quarter. WealthCare Investment Partners LLC increased its position in shares of SPDR S&P Kensho New Economies Composite ETF by 4.9% in the 2nd quarter. WealthCare Investment Partners LLC now owns 22,880 shares of the company’s stock worth $1,274,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter worth about $84,000.

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.