SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Strong Trading Volume

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares saw strong trading volume on Tuesday . 242,533 shares traded hands during mid-day trading, an increase of 97% from the previous session’s volume of 123,110 shares.The stock last traded at $49.07 and had previously closed at $48.87.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 22.21 and a beta of 1.39. The firm has a fifty day moving average price of $47.08 and a 200 day moving average price of $46.15.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Lynx Investment Advisory purchased a new position in SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter valued at about $280,000. Kingswood Wealth Advisors LLC acquired a new position in SPDR S&P Kensho New Economies Composite ETF in the 2nd quarter valued at $285,000. Strategic Advocates LLC purchased a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the fourth quarter valued at $579,000. Advantage Trust Co purchased a new position in SPDR S&P Kensho New Economies Composite ETF during the fourth quarter worth about $2,874,000. Finally, SOL Capital Management CO boosted its stake in SPDR S&P Kensho New Economies Composite ETF by 3.9% in the 4th quarter. SOL Capital Management CO now owns 75,929 shares of the company’s stock worth $3,546,000 after buying an additional 2,860 shares during 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.