SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sets New 1-Year High at $48.25

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) hit a new 52-week high during trading on Thursday . The company traded as high as $48.25 and last traded at $48.21, with a volume of 19733 shares trading hands. The stock had previously closed at $47.90.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The business has a 50 day simple moving average of $45.74 and a two-hundred day simple moving average of $42.98. The firm has a market capitalization of $1.96 billion, a P/E ratio of 16.38 and a beta of 1.17.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. bought a new stake in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter valued at $166,000. Mercer Global Advisors Inc. ADV purchased a new position in SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter worth approximately $540,000. Strategic Advocates LLC purchased a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter valued at approximately $579,000. Ameriprise Financial Inc. raised its position in SPDR S&P Kensho New Economies Composite ETF by 52.7% in the third quarter. Ameriprise Financial Inc. now owns 12,636 shares of the company’s stock valued at $500,000 after purchasing an additional 4,360 shares during the period. Finally, Archford Capital Strategies LLC grew its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 3.3% in the third quarter. Archford Capital Strategies LLC now owns 55,345 shares of the company’s stock worth $2,192,000 after acquiring an additional 1,759 shares in 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.