SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Shares Up 1.1% – Should You Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares were up 1.1% on Friday. The company traded as high as $67.91 and last traded at $67.39. 38,842 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 82,849 shares. The stock had previously closed at $66.68.

SPDR S&P Kensho New Economies Composite ETF Trading Up 1.1%

The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 20.26 and a beta of 1.34. The firm has a 50-day moving average price of $67.82 and a 200-day moving average price of $67.12.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Strategic Advocates LLC raised its position in SPDR S&P Kensho New Economies Composite ETF by 3.0% in the fourth quarter. Strategic Advocates LLC now owns 587,122 shares of the company’s stock worth $35,298,000 after acquiring an additional 16,890 shares in the last quarter. Van Hulzen Asset Management LLC bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter valued at about $969,000. Commonwealth Equity Services LLC grew its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 15.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 69,575 shares of the company’s stock worth $4,156,000 after purchasing an additional 9,282 shares during the last quarter. Penobscot Wealth Management raised its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 17.5% in the 1st quarter. Penobscot Wealth Management now owns 31,248 shares of the company’s stock worth $1,827,000 after purchasing an additional 4,648 shares in the last quarter. Finally, Financial Enhancement Group LLC raised its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 9.9% in the 1st quarter. Financial Enhancement Group LLC now owns 49,527 shares of the company’s stock worth $2,896,000 after purchasing an additional 4,469 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.