SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Unusually-High Trading Volume – Still a Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares saw an uptick in trading volume on Tuesday . 115,232 shares changed hands during trading, an increase of 41% from the previous session’s volume of 81,528 shares.The stock last traded at $61.20 and had previously closed at $60.59.

SPDR S&P Kensho New Economies Composite ETF Stock Up 1.1%

The firm has a market capitalization of $2.47 billion, a P/E ratio of 20.26 and a beta of 1.30. The business’s 50 day moving average is $63.30 and its two-hundred day moving average is $62.23.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Midland Wealth Advisors LLC bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter worth $62,836,000. Sava Penzisko Drushtvo A.D. Skopje bought a new stake in SPDR S&P Kensho New Economies Composite ETF in the third quarter worth about $10,324,000. Moulton Wealth Management Inc. acquired a new stake in SPDR S&P Kensho New Economies Composite ETF in the 4th quarter valued at about $8,580,000. RFG Advisory LLC bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter valued at about $3,260,000. Finally, Lido Advisors LLC acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter worth approximately $2,367,000.

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.