SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Stock Price Down 1.8% – Here’s Why

by · The Cerbat Gem

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP – Get Free Report)’s share price traded down 1.8% during mid-day trading on Wednesday . The company traded as low as $59.34 and last traded at $59.37. 175,410 shares were traded during mid-day trading, an increase of 46% from the average session volume of 120,275 shares. The stock had previously closed at $60.47.

SPDR S&P Kensho New Economies Composite ETF Price Performance

The business’s 50-day moving average is $62.06 and its 200 day moving average is $58.87. The firm has a market capitalization of $2.45 billion, a P/E ratio of 20.26 and a beta of 1.30.

Institutional Investors Weigh In On SPDR S&P Kensho New Economies Composite ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in KOMP. Abich Financial Wealth Management LLC acquired a new stake in SPDR S&P Kensho New Economies Composite ETF during the third quarter worth approximately $32,000. Mather Group LLC. bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter valued at $74,000. Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter worth $84,000. Allworth Financial LP increased its position in shares of SPDR S&P Kensho New Economies Composite ETF by 142.3% in the third quarter. Allworth Financial LP now owns 1,902 shares of the company’s stock worth $118,000 after purchasing an additional 1,117 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF in the third quarter worth $130,000.

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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