SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Reaches New 52-Week High – Time to Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) reached a new 52-week high during trading on Friday . The company traded as high as $70.30 and last traded at $70.19, with a volume of 5536 shares trading hands. The stock had previously closed at $69.23.

SPDR S&P Kensho New Economies Composite ETF Stock Up 1.9%

The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 20.26 and a beta of 1.30. The stock’s 50 day moving average is $63.74 and its 200 day moving average is $62.81.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the third quarter valued at approximately $32,000. Kestra Advisory Services LLC acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the fourth quarter valued at approximately $38,000. Harbour Investments Inc. increased its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 507.2% during the fourth quarter. Harbour Investments Inc. now owns 674 shares of the company’s stock valued at $40,000 after acquiring an additional 563 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the fourth quarter valued at approximately $48,000. Finally, Parallel Advisors LLC increased its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 3,987.0% during the first quarter. Parallel Advisors LLC now owns 940 shares of the company’s stock valued at $55,000 after acquiring an additional 917 shares during the period.

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.