SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Hits New 52-Week Low – What’s Next?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares hit a new 52-week low on Friday . The stock traded as low as $42.36 and last traded at $42.61, with a volume of 9247 shares. The stock had previously closed at $44.77.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The firm has a fifty day moving average price of $50.34 and a 200 day moving average price of $51.07. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 22.63 and a beta of 1.28.

SPDR S&P Kensho New Economies Composite ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a $0.1153 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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

A number of hedge funds have recently modified their holdings of the stock. Crews Bank & Trust acquired a new position in SPDR S&P Kensho New Economies Composite ETF in the 4th quarter valued at about $25,000. Coppell Advisory Solutions LLC acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the fourth quarter valued at approximately $36,000. Ameriprise Financial Inc. increased its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 2.9% during the fourth quarter. Ameriprise Financial Inc. now owns 41,965 shares of the company’s stock worth $2,133,000 after purchasing an additional 1,201 shares during the period. Flow Traders U.S. LLC acquired a new stake in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth approximately $203,000. Finally, Fisher Asset Management LLC bought a new stake in SPDR S&P Kensho New Economies Composite ETF in the 4th quarter valued at $223,000.

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.