SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Hits New 1-Year High – Time to Buy?

Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $73.01 and last traded at $73.01, with a volume of 148258 shares changing hands. The stock had previously closed at $72.51.

SPDR S&P Kensho New Economies Composite ETF Trading Down 0.1%

The business’s fifty day simple moving average is $64.99 and its 200-day simple moving average is $63.15. The firm has a market cap of $2.99 billion, a P/E ratio of 20.26 and a beta of 1.30.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of KOMP. Comprehensive Money Management Services LLC increased its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 1.0% in the fourth quarter. Comprehensive Money Management Services LLC now owns 20,460 shares of the company’s stock worth $1,222,000 after purchasing an additional 199 shares during the period. OneDigital Investment Advisors LLC increased its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 2.1% in the third quarter. OneDigital Investment Advisors LLC now owns 10,354 shares of the company’s stock worth $645,000 after purchasing an additional 208 shares during the period. Prime Capital Investment Advisors LLC increased its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 1.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 12,483 shares of the company’s stock worth $746,000 after purchasing an additional 221 shares during the period. Creative Planning increased its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 2.7% in the third quarter. Creative Planning now owns 8,725 shares of the company’s stock worth $543,000 after purchasing an additional 231 shares during the period. Finally, MGO One Seven LLC increased its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 0.5% in the fourth quarter. MGO One Seven LLC now owns 69,983 shares of the company’s stock worth $4,180,000 after purchasing an additional 318 shares during the period.

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.