SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Hits New 52-Week High – Should You Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP)’s share price hit a new 52-week high on Monday . The stock traded as high as $54.57 and last traded at $54.55, with a volume of 19299 shares traded. The stock had previously closed at $53.49.

SPDR S&P Kensho New Economies Composite ETF Stock Up 0.9 %

The company has a market capitalization of $2.25 billion, a PE ratio of 22.21 and a beta of 1.39. The firm has a 50-day moving average of $50.39 and a two-hundred day moving average of $48.25.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KOMP. Ashton Thomas Private Wealth LLC acquired a new position in SPDR S&P Kensho New Economies Composite ETF during the second quarter worth $67,000. One Capital Management LLC acquired a new position in SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter worth about $725,000. Strategic Advocates LLC grew its position in SPDR S&P Kensho New Economies Composite ETF by 4.7% in the 3rd quarter. Strategic Advocates LLC now owns 496,033 shares of the company’s stock valued at $24,469,000 after acquiring an additional 22,348 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter valued at about $285,000. Finally, Global Financial Private Client LLC acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the second quarter worth about $63,000.

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.