SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Strong Trading Volume – Here’s Why

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares saw an uptick in trading volume on Wednesday . Approximately 434,761 shares traded hands during trading, an increase of 409% from the previous session’s volume of 85,423 shares.The stock last traded at $69.60 and had previously closed at $69.32.

SPDR S&P Kensho New Economies Composite ETF Price Performance

The stock has a market cap of $2.75 billion, a P/E ratio of 20.26 and a beta of 1.33. The company’s 50 day simple moving average is $68.73 and its 200 day simple moving average is $66.06.

Institutional Trading of SPDR S&P Kensho New Economies Composite ETF

Large investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its holdings in SPDR S&P Kensho New Economies Composite ETF by 28.8% during the second quarter. Orion Porfolio Solutions LLC now owns 45,056 shares of the company’s stock worth $2,450,000 after acquiring an additional 10,078 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter worth about $1,868,000. One Capital Management LLC bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter worth about $359,000. Raymond James Financial Inc. raised its position in shares of SPDR S&P Kensho New Economies Composite ETF by 0.9% during the third quarter. Raymond James Financial Inc. now owns 92,632 shares of the company’s stock worth $5,767,000 after purchasing an additional 813 shares during the period. Finally, Creative Planning raised its position in shares of SPDR S&P Kensho New Economies Composite ETF by 2.7% during 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.

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.