SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares saw strong trading volume on Wednesday . 279,212 shares changed hands during trading, an increase of 219% from the previous session’s volume of 87,505 shares.The stock last traded at $71.91 and had previously closed at $71.50.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The company has a market capitalization of $2.87 billion, a P/E ratio of 20.26 and a beta of 1.32. The stock’s fifty day moving average price is $69.36 and its 200-day moving average price is $64.72.

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

Several institutional investors and hedge funds have recently bought and sold shares of KOMP. Parallel Advisors LLC lifted its position in shares of SPDR S&P Kensho New Economies Composite ETF by 3,987.0% in the first quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock valued at $55,000 after buying an additional 917 shares during the last quarter. Bank of America Corp DE raised its position in shares of SPDR S&P Kensho New Economies Composite ETF by 2.7% in the first quarter. Bank of America Corp DE now owns 92,875 shares of the company’s stock valued at $5,431,000 after purchasing an additional 2,440 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 30.9% during the 1st quarter. Wealthfront Advisers LLC now owns 6,670 shares of the company’s stock worth $390,000 after buying an additional 1,576 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 1st quarter worth about $184,000. Finally, Financial Guidance Group Inc. boosted its holdings in shares of 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 worth $5,875,000 after buying an additional 1,189 shares during the period.

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.