SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Sees Unusually-High Trading Volume

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) saw an uptick in trading volume on Friday . 200,949 shares changed hands during mid-day trading, an increase of 54% from the previous session’s volume of 130,768 shares.The stock last traded at $45.33 and had previously closed at $44.87.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The stock has a market cap of $1.87 billion, a PE ratio of 21.33 and a beta of 1.39. The stock has a fifty day moving average price of $46.22 and a 200 day moving average price of $43.86.

Hedge Funds Weigh In On SPDR S&P Kensho New Economies Composite ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter worth approximately $166,000. Strategic Advocates LLC bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter worth approximately $579,000. Archford Capital Strategies LLC lifted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 3.3% during the 3rd quarter. Archford Capital Strategies LLC now owns 55,345 shares of the company’s stock worth $2,192,000 after acquiring an additional 1,759 shares during the last quarter. Advantage Trust Co bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter worth approximately $2,874,000. Finally, SOL Capital Management CO lifted its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 3.9% during the 4th quarter. SOL Capital Management CO now owns 75,929 shares of the company’s stock worth $3,546,000 after acquiring an additional 2,860 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.