SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Reaches New 1-Year High – Still a Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) hit a new 52-week high on Thursday . The company traded as high as $66.30 and last traded at $66.2650, with a volume of 17519 shares trading hands. The stock had previously closed at $65.74.

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

The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 20.26 and a beta of 1.30. The stock has a 50-day simple moving average of $61.42 and a 200-day simple moving average of $60.18.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brookstone Capital Management increased its position in shares of SPDR S&P Kensho New Economies Composite ETF by 7.2% in 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 last quarter. Wealthcare Advisory Partners LLC increased its holdings in SPDR S&P Kensho New Economies Composite ETF by 9.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 47,325 shares of the company’s stock valued at $2,827,000 after buying an additional 4,261 shares during the last quarter. Moulton Wealth Management Inc. bought a new stake in SPDR S&P Kensho New Economies Composite ETF in the fourth quarter valued at about $8,580,000. WealthCare Investment Partners LLC raised its stake in SPDR S&P Kensho New Economies Composite ETF by 1.6% during the fourth quarter. WealthCare Investment Partners LLC now owns 24,665 shares of the company’s stock valued at $1,514,000 after buying an additional 378 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in SPDR S&P Kensho New Economies Composite ETF by 142.3% during 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 last quarter.

SPDR S&P Kensho New Economies Composite ETF Company Profile

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.