SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) saw strong trading volume on Tuesday. 748,867 shares traded hands during mid-day trading, an increase of 826% from the average daily volume of 80,910 shares. The stock last traded at $61.3910 and had previously closed at $62.47.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The company’s 50-day moving average price is $65.24 and its two-hundred day moving average price is $65.88. The stock has a market cap of $2.45 billion, a PE ratio of 22.37 and a beta of 1.36.

Institutional Investors Weigh In On SPDR S&P Kensho New Economies Composite ETF

Large investors have recently added to or reduced their stakes in the company. Midland Wealth Advisors LLC purchased a new stake in SPDR S&P Kensho New Economies Composite ETF in the third quarter worth approximately $75,607,000. Baird Financial Group Inc. lifted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 0.9% in the 2nd quarter. Baird Financial Group Inc. now owns 230,181 shares of the company’s stock valued at $16,458,000 after acquiring an additional 2,101 shares during the last quarter. Bank of America Corp DE boosted its holdings in SPDR S&P Kensho New Economies Composite ETF by 2.7% during the 1st quarter. Bank of America Corp DE now owns 92,875 shares of the company’s stock valued at $5,431,000 after acquiring an additional 2,440 shares during the period. Private Advisory Group LLC purchased a new stake in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter valued at about $4,994,000. Finally, MGO One Seven LLC bought a new position in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth approximately $4,727,000.

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.