SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sets New 52-Week High – Still a Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares hit 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. The stock had previously closed at $65.74.

SPDR S&P Kensho New Economies Composite ETF Stock Up 0.3%

The stock’s 50-day moving average price is $61.57 and its 200 day moving average price is $60.30. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 20.26 and a beta of 1.30.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Financial Enhancement Group LLC acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter worth approximately $1,005,000. McCarthy & Cox increased its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 17.3% in the 2nd quarter. McCarthy & Cox now owns 56,515 shares of the company’s stock worth $3,073,000 after acquiring an additional 8,328 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 12.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 44,561 shares of the company’s stock worth $2,423,000 after acquiring an additional 5,014 shares during the last quarter. Comprehensive Money Management Services LLC raised its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 4.0% during the 2nd quarter. Comprehensive Money Management Services LLC now owns 20,210 shares of the company’s stock worth $1,099,000 after acquiring an additional 775 shares during the period. Finally, MGO One Seven LLC boosted its position in shares of SPDR S&P Kensho New Economies Composite ETF by 4.3% during the 2nd quarter. MGO One Seven LLC now owns 72,685 shares of the company’s stock valued at $3,953,000 after acquiring an additional 3,014 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.