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

Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.30 and last traded at $66.2650, with a volume of 17519 shares changing hands. The stock had previously closed at $65.74.

SPDR S&P Kensho New Economies Composite ETF Stock Up 0.6%

The stock has a market capitalization of $2.66 billion, a P/E ratio of 20.26 and a beta of 1.30. The company has a 50 day moving average of $61.42 and a 200-day moving average of $60.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC acquired a new stake in SPDR S&P Kensho New Economies Composite ETF during the third quarter worth about $32,000. Mather Group LLC. bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the third quarter valued at approximately $74,000. Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter worth approximately $84,000. Allworth Financial LP lifted its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 142.3% in the 3rd quarter. Allworth Financial LP now owns 1,902 shares of the company’s stock worth $118,000 after purchasing an additional 1,117 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter valued at approximately $130,000.

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.