SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Large Volume Increase – Here’s Why

Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) saw an uptick in trading volume on Tuesday . 535,321 shares changed hands during trading, an increase of 383% from the previous session’s volume of 110,856 shares.The stock last traded at $53.73 and had previously closed at $54.43.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The stock has a 50-day moving average price of $49.07 and a two-hundred day moving average price of $47.73. The stock has a market capitalization of $2.22 billion, a P/E ratio of 22.21 and a beta of 1.39.

Institutional Inflows and Outflows

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

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.