Sherman Asset Management Inc. Buys 1,443 Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP)

Sherman Asset Management Inc. lifted its position in shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) by 9.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,990 shares of the company’s stock after purchasing an additional 1,443 shares during the period. SPDR S&P Kensho New Economies Composite ETF accounts for approximately 0.7% of Sherman Asset Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Sherman Asset Management Inc.’s holdings in SPDR S&P Kensho New Economies Composite ETF were worth $743,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of KOMP. Coppell Advisory Solutions LLC acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the fourth quarter valued at about $36,000. Fisher Asset Management LLC bought a new position in SPDR S&P Kensho New Economies Composite ETF in the fourth quarter worth approximately $223,000. Hughes Financial Services LLC acquired a new position in SPDR S&P Kensho New Economies Composite ETF during the fourth quarter worth $2,050,000. Ameriprise Financial Inc. boosted its stake in SPDR S&P Kensho New Economies Composite ETF by 2.9% during the 4th quarter. Ameriprise Financial Inc. now owns 41,965 shares of the company’s stock valued at $2,133,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in SPDR S&P Kensho New Economies Composite ETF by 316.5% in the 4th quarter. Baird Financial Group Inc. now owns 95,602 shares of the company’s stock valued at $4,859,000 after buying an additional 72,649 shares during the last quarter.

SPDR S&P Kensho New Economies Composite ETF Stock Up 1.5%

Shares of NYSEARCA KOMP opened at $52.19 on Monday. The company has a market capitalization of $2.23 billion, a PE ratio of 22.14 and a beta of 1.29. The stock’s 50 day moving average price is $47.39 and its 200-day moving average price is $50.21. SPDR S&P Kensho New Economies Composite ETF has a twelve month low of $39.63 and a twelve month high of $55.31.

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.