SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sets New 1-Year High – Still a Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) reached a new 52-week high on Tuesday . The company traded as high as $69.53 and last traded at $69.02, with a volume of 97012 shares changing hands. The stock had previously closed at $68.11.

SPDR S&P Kensho New Economies Composite ETF Price Performance

The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 20.26 and a beta of 1.30. The stock has a fifty day moving average of $62.52 and a two-hundred day moving average of $62.54.

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

Institutional investors have recently bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new stake in SPDR S&P Kensho New Economies Composite ETF during the third quarter valued at $32,000. Kestra Advisory Services LLC bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter worth about $38,000. Harbour Investments Inc. boosted its position in shares of SPDR S&P Kensho New Economies Composite ETF by 507.2% during the 4th quarter. Harbour Investments Inc. now owns 674 shares of the company’s stock worth $40,000 after purchasing an additional 563 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter worth about $48,000. Finally, Parallel Advisors LLC boosted its position in shares of SPDR S&P Kensho New Economies Composite ETF by 3,987.0% during the 1st quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock worth $55,000 after purchasing an additional 917 shares in the last quarter.

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.