SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Hits New 1-Year High – What’s Next?

Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $69.53 and last traded at $69.02, with a volume of 97012 shares. The stock had previously closed at $68.11.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The stock has a fifty day simple moving average of $62.76 and a 200-day simple moving average of $62.61. The stock has a market cap of $2.78 billion, a P/E ratio of 20.26 and a beta of 1.30.

Hedge Funds Weigh In On SPDR S&P Kensho New Economies Composite ETF

A number of large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 3,987.0% in the 1st quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock valued at $55,000 after acquiring an additional 917 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 30.9% in the 1st quarter. Wealthfront Advisers LLC now owns 6,670 shares of the company’s stock valued at $390,000 after acquiring an additional 1,576 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the 1st quarter valued at about $184,000. Financial Guidance Group Inc. grew its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 1.2% in the 1st quarter. Financial Guidance Group Inc. now owns 100,466 shares of the company’s stock valued at $5,875,000 after acquiring an additional 1,189 shares in the last quarter. Finally, Penobscot Wealth Management grew its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 17.5% in the 1st quarter. Penobscot Wealth Management now owns 31,248 shares of the company’s stock valued at $1,827,000 after acquiring an additional 4,648 shares in 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.