Savvy Advisors Inc. Makes New $1.40 Million Investment in SPDR S&P Kensho New Economies Composite ETF $KOMP

Savvy Advisors Inc. purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,349 shares of the company’s stock, valued at approximately $1,395,000.

A number of other large investors also recently made changes to their positions in the business. Brookstone Capital Management lifted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 7.2% during the 4th quarter. Brookstone Capital Management now owns 8,950 shares of the company’s stock worth $535,000 after purchasing an additional 601 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of SPDR S&P Kensho New Economies Composite ETF by 9.9% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 47,325 shares of the company’s stock worth $2,827,000 after buying an additional 4,261 shares during the period. Moulton Wealth Management Inc. purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the 4th quarter worth $8,580,000. WealthCare Investment Partners LLC raised its position in shares of SPDR S&P Kensho New Economies Composite ETF by 1.6% in the 4th quarter. WealthCare Investment Partners LLC now owns 24,665 shares of the company’s stock worth $1,514,000 after buying an additional 378 shares during the period. Finally, Allworth Financial LP raised its position in shares of SPDR S&P Kensho New Economies Composite ETF by 142.3% in the 3rd quarter. Allworth Financial LP now owns 1,902 shares of the company’s stock worth $118,000 after buying an additional 1,117 shares during the period.

SPDR S&P Kensho New Economies Composite ETF Trading Up 0.6%

Shares of KOMP opened at $60.02 on Tuesday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 20.26 and a beta of 1.30. The stock’s fifty day simple moving average is $61.57 and its 200 day simple moving average is $62.23. SPDR S&P Kensho New Economies Composite ETF has a twelve month low of $39.63 and a twelve month high of $66.72.

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.