Aries Wealth Management Makes New Investment in SPDR S&P Kensho New Economies Composite ETF $KOMP

Aries Wealth Management purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,745 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds also recently bought and sold shares of KOMP. Strategic Advocates LLC grew its position in shares of SPDR S&P Kensho New Economies Composite ETF by 2.7% in the second quarter. Strategic Advocates LLC now owns 551,043 shares of the company’s stock valued at $29,966,000 after purchasing an additional 14,542 shares during the period. Christopher J. Hasenberg Inc purchased a new stake in SPDR S&P Kensho New Economies Composite ETF during the second quarter valued at about $6,363,000. Towerpoint Wealth LLC grew its position in SPDR S&P Kensho New Economies Composite ETF by 8.1% during the second quarter. Towerpoint Wealth LLC now owns 101,300 shares of the company’s stock valued at $5,509,000 after acquiring an additional 7,631 shares during the period. Baird Financial Group Inc. grew its position in SPDR S&P Kensho New Economies Composite ETF by 2.4% during the first quarter. Baird Financial Group Inc. now owns 97,909 shares of the company’s stock valued at $4,552,000 after acquiring an additional 2,307 shares during the period. Finally, MGO One Seven LLC boosted its position in shares of SPDR S&P Kensho New Economies Composite ETF by 4.3% in the second quarter. MGO One Seven LLC now owns 72,685 shares of the company’s stock worth $3,953,000 after buying an additional 3,014 shares during the period.

SPDR S&P Kensho New Economies Composite ETF Price Performance

Shares of NYSEARCA KOMP opened at $64.38 on Wednesday. SPDR S&P Kensho New Economies Composite ETF has a 1-year low of $39.63 and a 1-year high of $65.14. The business has a 50-day moving average of $59.91 and a 200-day moving average of $53.88. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 20.26 and a beta of 1.17.

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.