SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Hits New 52-Week High – Here’s Why

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares hit a new 52-week high on Friday . The stock traded as high as $70.30 and last traded at $70.19, with a volume of 5536 shares. The stock had previously closed at $69.23.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The firm’s 50 day moving average is $63.56 and its two-hundred day moving average is $62.75. The stock has a market capitalization of $2.84 billion, a PE ratio of 20.26 and a beta of 1.30.

Institutional Investors Weigh In On SPDR S&P Kensho New Economies Composite ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter valued at $32,000. Kestra Advisory Services LLC acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the 4th quarter valued at $38,000. Harbour Investments Inc. raised its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 507.2% in the 4th quarter. Harbour Investments Inc. now owns 674 shares of the company’s stock valued at $40,000 after purchasing an additional 563 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the 4th quarter valued at $48,000. Finally, Parallel Advisors LLC raised its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 3,987.0% in the 1st quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock valued at $55,000 after purchasing an additional 917 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.