Moulton Wealth Management Inc. Invests $8.58 Million in SPDR S&P Kensho New Economies Composite ETF $KOMP

Moulton Wealth Management Inc. acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 143,653 shares of the company’s stock, valued at approximately $8,580,000. SPDR S&P Kensho New Economies Composite ETF comprises about 6.0% of Moulton Wealth Management Inc.’s investment portfolio, making the stock its 5th largest position. Moulton Wealth Management Inc. owned 0.36% of SPDR S&P Kensho New Economies Composite ETF at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Midland Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth about $62,836,000. Strategic Advocates LLC grew its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 3.5% in the 3rd quarter. Strategic Advocates LLC now owns 570,232 shares of the company’s stock valued at $35,503,000 after buying an additional 19,189 shares in the last quarter. Sava Penzisko Drushtvo A.D. Skopje bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter valued at approximately $10,324,000. Baird Financial Group Inc. increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 5.9% in the second quarter. Baird Financial Group Inc. now owns 103,639 shares of the company’s stock worth $5,636,000 after buying an additional 5,730 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 2.8% in the third quarter. Aptus Capital Advisors LLC now owns 95,090 shares of the company’s stock worth $5,920,000 after buying an additional 2,620 shares during the last quarter.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

Shares of KOMP opened at $59.10 on Friday. The firm has a market cap of $2.38 billion, a PE ratio of 20.26 and a beta of 1.30. The firm’s 50 day moving average price is $62.55 and its 200 day moving average price is $62.28. SPDR S&P Kensho New Economies Composite ETF has a twelve month low of $39.63 and a twelve month high of $66.72.

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.