SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sets New 12-Month High – Should You Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMPGet Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $52.04 and last traded at $52.04, with a volume of 2493 shares changing hands. The stock had previously closed at $50.59.

SPDR S&P Kensho New Economies Composite ETF Price Performance

The company has a market cap of $2.18 billion, a price-to-earnings ratio of 22.21 and a beta of 1.39. The firm’s 50 day simple moving average is $48.67 and its 200-day simple moving average is $47.50.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Financial Private Client LLC purchased a new stake in SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter worth $63,000. Ashton Thomas Private Wealth LLC bought a new position in SPDR S&P Kensho New Economies Composite ETF during the second quarter valued at about $67,000. Family Firm Inc. purchased a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter valued at approximately $95,000. Lynx Investment Advisory acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter valued at $280,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in SPDR S&P Kensho New Economies Composite ETF in the second quarter worth $285,000.

About SPDR S&P Kensho New Economies Composite ETF

(Get Free Report)

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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