SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Large Volume Increase – Still a Buy?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMPGet Free Report) saw unusually-high trading volume on Wednesday . 279,212 shares traded hands during mid-day trading, an increase of 219% from the previous session’s volume of 87,505 shares.The stock last traded at $71.91 and had previously closed at $71.50.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The firm has a 50-day simple moving average of $69.51 and a two-hundred day simple moving average of $64.83. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 20.26 and a beta of 1.32.

Institutional Trading of SPDR S&P Kensho New Economies Composite ETF

Hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC raised its position in SPDR S&P Kensho New Economies Composite ETF by 28.8% during the second quarter. Orion Porfolio Solutions LLC now owns 45,056 shares of the company’s stock valued at $2,450,000 after acquiring an additional 10,078 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in SPDR S&P Kensho New Economies Composite ETF by 2.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 95,090 shares of the company’s stock worth $5,920,000 after purchasing an additional 2,620 shares in the last quarter. Entrewealth LLC boosted its position in SPDR S&P Kensho New Economies Composite ETF by 8.6% in the 3rd quarter. Entrewealth LLC now owns 4,837 shares of the company’s stock worth $301,000 after purchasing an additional 385 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth approximately $1,868,000. Finally, One Capital Management LLC acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth approximately $359,000.

SPDR S&P Kensho New Economies Composite ETF Company Profile

(Get Free Report)

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.

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