SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sets New 1-Year High – Still a Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $69.53 and last traded at $69.02, with a volume of 97012 shares trading hands. The stock had previously closed at $68.11.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The company has a market capitalization of $2.77 billion, a P/E ratio of 20.26 and a beta of 1.30. The business’s fifty day simple moving average is $62.52 and its 200-day simple moving average is $62.54.

Institutional Trading of SPDR S&P Kensho New Economies Composite ETF

A number of institutional investors and hedge funds have recently bought and sold shares of KOMP. Abich Financial Wealth Management LLC bought a new stake in SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter valued at $32,000. Kestra Advisory Services LLC bought a new stake in SPDR S&P Kensho New Economies Composite ETF in the 4th quarter valued at $38,000. Harbour Investments Inc. increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 507.2% in the 4th quarter. Harbour Investments Inc. now owns 674 shares of the company’s stock valued at $40,000 after acquiring an additional 563 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in SPDR S&P Kensho New Economies Composite ETF in the 4th quarter valued at $48,000. Finally, Parallel Advisors LLC increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 3,987.0% in the 1st quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock valued at $55,000 after acquiring an additional 917 shares during the last quarter.

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.