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

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares saw unusually-high trading volume on Tuesday. Approximately 748,867 shares were traded during mid-day trading, an increase of 826% from the average daily volume of 80,910 shares. The stock last traded at $61.3910 and had previously closed at $62.47.

SPDR S&P Kensho New Economies Composite ETF Trading Down 2.1%

The company has a 50 day moving average price of $65.05 and a 200-day moving average price of $65.84. The company has a market cap of $2.44 billion, a P/E ratio of 22.37 and a beta of 1.36.

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

Several large investors have recently bought and sold shares of KOMP. Advisors Asset Management Inc. bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter worth about $1,396,000. Private Advisor Group LLC bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter valued at approximately $214,000. Global Retirement Partners LLC acquired a new position in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth approximately $111,000. HighTower Advisors LLC acquired a new position in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth approximately $2,233,000. Finally, Harbour Investments Inc. acquired a new position in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth approximately $40,000.

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.