Ritholtz Wealth Management Reduces Stake in SPDR S&P Kensho New Economies Composite ETF $KOMP

Ritholtz Wealth Management reduced its position in SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) by 60.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,755 shares of the company’s stock after selling 16,444 shares during the period. Ritholtz Wealth Management’s holdings in SPDR S&P Kensho New Economies Composite ETF were worth $585,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of KOMP. Christopher J. Hasenberg Inc purchased a new position in SPDR S&P Kensho New Economies Composite ETF during the second quarter worth $6,363,000. Strategic Advocates LLC increased its position in SPDR S&P Kensho New Economies Composite ETF by 4.1% during the first quarter. Strategic Advocates LLC now owns 536,501 shares of the company’s stock worth $24,942,000 after buying an additional 21,039 shares in the last quarter. Financial Enhancement Group LLC purchased a new position in SPDR S&P Kensho New Economies Composite ETF during the second quarter worth $1,005,000. McCarthy & Cox increased its position in SPDR S&P Kensho New Economies Composite ETF by 17.3% during the second quarter. McCarthy & Cox now owns 56,515 shares of the company’s stock worth $3,073,000 after buying an additional 8,328 shares in the last quarter. Finally, Towerpoint Wealth LLC increased its position in SPDR S&P Kensho New Economies Composite ETF by 8.1% during the second quarter. Towerpoint Wealth LLC now owns 101,300 shares of the company’s stock worth $5,509,000 after buying an additional 7,631 shares in the last quarter.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

SPDR S&P Kensho New Economies Composite ETF stock opened at $63.07 on Monday. The stock has a fifty day moving average of $60.42 and a two-hundred day moving average of $54.30. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 20.26 and a beta of 1.17. SPDR S&P Kensho New Economies Composite ETF has a fifty-two week low of $39.63 and a fifty-two week high of $65.82.

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.