Summit Investment Advisory Services LLC Buys New Position in SPDR S&P Kensho New Economies Composite ETF $KOMP

Summit Investment Advisory Services LLC purchased a new stake in SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,515 shares of the company’s stock, valued at approximately $699,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KOMP. Midland Wealth Advisors LLC bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter valued at about $75,607,000. MGO One Seven LLC acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter valued at $4,727,000. Commonwealth Equity Services LLC acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter valued at $4,205,000. Financial Enhancement Group LLC bought a new position in SPDR S&P Kensho New Economies Composite ETF in the third quarter worth $3,863,000. Finally, Vise Technologies Inc. lifted its position in SPDR S&P Kensho New Economies Composite ETF by 228.3% in the third quarter. Vise Technologies Inc. now owns 68,918 shares of the company’s stock worth $4,580,000 after purchasing an additional 47,923 shares during the period.

SPDR S&P Kensho New Economies Composite ETF Stock Up 2.3%

KOMP traded up $1.36 during trading on Friday, reaching $60.10. 147,400 shares of the company’s stock were exchanged, compared to its average volume of 81,147. The company has a market capitalization of $2.39 billion, a P/E ratio of 22.37 and a beta of 1.36. The business has a 50 day moving average price of $65.34 and a 200 day moving average price of $65.89. SPDR S&P Kensho New Economies Composite ETF has a fifty-two week low of $55.69 and a fifty-two week high of $75.61.

SPDR S&P Kensho New Economies Composite ETF 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.