SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Reaches New 12-Month High – Here’s What Happened

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $67.79 and last traded at $67.60, with a volume of 2889 shares traded. The stock had previously closed at $66.26.

SPDR S&P Kensho New Economies Composite ETF Stock Up 1.9%

The business’s 50-day moving average price is $62.11 and its 200 day moving average price is $62.41. The company has a market capitalization of $2.75 billion, a P/E ratio of 20.26 and a beta of 1.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC increased its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 28.8% in the second quarter. Orion Porfolio Solutions LLC now owns 45,056 shares of the company’s stock worth $2,450,000 after purchasing an additional 10,078 shares during the period. Mather Group LLC. bought a new stake in SPDR S&P Kensho New Economies Composite ETF during the third quarter valued at $74,000. Wealth Enhancement Advisory Services LLC purchased a new position in SPDR S&P Kensho New Economies Composite ETF during the third quarter worth about $216,000. Summit Investment Advisory Services LLC purchased a new position in SPDR S&P Kensho New Economies Composite ETF during the third quarter worth about $775,000. Finally, Financial Guidance Group Inc. increased its stake in SPDR S&P Kensho New Economies Composite ETF by 2.8% in the 3rd quarter. Financial Guidance Group Inc. now owns 94,917 shares of the company’s stock worth $5,910,000 after acquiring an additional 2,584 shares during the last quarter.

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.