SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sets New 1-Year High – Here’s Why

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

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 20.26 and a beta of 1.30. The company’s 50 day simple moving average is $64.45 and its 200 day simple moving average is $62.99.

Hedge Funds Weigh In On SPDR S&P Kensho New Economies Composite ETF

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in SPDR S&P Kensho New Economies Composite ETF by 2.7% during the 1st quarter. Bank of America Corp DE now owns 92,875 shares of the company’s stock valued at $5,431,000 after buying an additional 2,440 shares during the period. Parallel Advisors LLC increased its stake in SPDR S&P Kensho New Economies Composite ETF by 3,987.0% during the 1st quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock valued at $55,000 after buying an additional 917 shares during the period. Wealthfront Advisers LLC increased its stake in SPDR S&P Kensho New Economies Composite ETF by 30.9% during the 1st quarter. Wealthfront Advisers LLC now owns 6,670 shares of the company’s stock valued at $390,000 after buying an additional 1,576 shares during the period. Chicago Partners Investment Group LLC acquired a new position in SPDR S&P Kensho New Economies Composite ETF during the 1st quarter valued at about $184,000. Finally, Financial Guidance Group Inc. increased its stake in SPDR S&P Kensho New Economies Composite ETF by 1.2% during the 1st quarter. Financial Guidance Group Inc. now owns 100,466 shares of the company’s stock valued at $5,875,000 after buying an additional 1,189 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.