Midland Wealth Advisors LLC bought a new position in SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,137,796 shares of the company’s stock, valued at approximately $75,607,000. SPDR S&P Kensho New Economies Composite ETF comprises 3.5% of Midland Wealth Advisors LLC’s investment portfolio, making the stock its 7th largest position. Midland Wealth Advisors LLC owned about 2.86% of SPDR S&P Kensho New Economies Composite ETF as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in KOMP. Baird Financial Group Inc. increased its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 0.9% in the second quarter. Baird Financial Group Inc. now owns 230,181 shares of the company’s stock worth $16,458,000 after buying an additional 2,101 shares during the period. Financial Guidance Group Inc. boosted its position 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. Bank of America Corp DE boosted its position 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. Financial Enhancement Group LLC purchased a new stake in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter valued at $3,863,000. Finally, Oppenheimer & Co. Inc. bought a new stake in SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter worth $1,337,000.
SPDR S&P Kensho New Economies Composite ETF Stock Up 2.2%
Shares of SPDR S&P Kensho New Economies Composite ETF stock opened at $64.31 on Wednesday. The firm has a market cap of $2.55 billion, a PE ratio of 20.26 and a beta of 1.34. SPDR S&P Kensho New Economies Composite ETF has a 12-month low of $55.69 and a 12-month high of $75.61. The company’s fifty day simple moving average is $66.40 and its two-hundred day simple moving average is $66.02.
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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