SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Trading Down 0.6% – Time to Sell?

Shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) traded down 0.6% during mid-day trading on Thursday . The stock traded as low as $48.51 and last traded at $48.84. 70,706 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 111,247 shares. The stock had previously closed at $49.15.

SPDR S&P Kensho New Economies Composite ETF Stock Down 0.6 %

The stock has a 50-day moving average of $47.47 and a 200 day moving average of $47.01. The company has a market capitalization of $2.03 billion, a PE ratio of 22.21 and a beta of 1.39.

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

Several institutional investors have recently added to or reduced their stakes in KOMP. Strategic Advocates LLC grew its position in shares of SPDR S&P Kensho New Economies Composite ETF by 3,300.4% during the 1st quarter. Strategic Advocates LLC now owns 421,348 shares of the company’s stock valued at $20,258,000 after acquiring an additional 408,957 shares during the period. Lynx Investment Advisory purchased a new stake in SPDR S&P Kensho New Economies Composite ETF in the second quarter worth $280,000. Kingswood Wealth Advisors LLC bought a new stake in shares of SPDR S&P Kensho New Economies Composite ETF in the second quarter valued at $285,000. Family Firm Inc. purchased a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter valued at $95,000. Finally, Global Financial Private Client LLC bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter worth $63,000.

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.