Financial Enhancement Group LLC bought a new stake in SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,183 shares of the company’s stock, valued at approximately $3,863,000.
Several other hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter valued at $407,000. CoreCap Advisors LLC purchased a new position in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth $28,000. Van Hulzen Asset Management LLC bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter worth $969,000. Capital Advantage Inc. purchased a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the second quarter valued at about $204,000. Finally, IFP Advisors Inc raised its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 15.2% in the second quarter. IFP Advisors Inc now owns 3,294 shares of the company’s stock valued at $236,000 after purchasing an additional 434 shares during the last quarter.
SPDR S&P Kensho New Economies Composite ETF Trading Down 1.2%
Shares of KOMP traded down $0.79 during trading hours on Thursday, reaching $65.61. 51,591 shares of the stock traded hands, compared to its average volume of 82,592. The stock has a fifty day simple moving average of $67.97 and a 200 day simple moving average of $67.31. SPDR S&P Kensho New Economies Composite ETF has a 52 week low of $55.69 and a 52 week high of $75.61. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 20.26 and a beta of 1.34.
About SPDR S&P Kensho New Economies Composite ETF
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.
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