SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) Trading Down 1.3% – What’s Next?

SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) shares fell 1.3% during trading on Monday . The company traded as low as $50.40 and last traded at $51.12. 57,434 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 109,442 shares. The stock had previously closed at $51.79.

SPDR S&P Kensho New Economies Composite ETF Stock Performance

The stock’s 50-day moving average is $52.33 and its 200 day moving average is $49.25. The firm has a market cap of $2.12 billion, a P/E ratio of 22.21 and a beta of 1.39.

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 business. Ashton Thomas Private Wealth LLC bought a new position in SPDR S&P Kensho New Economies Composite ETF in the second quarter valued at approximately $67,000. Flow Traders U.S. LLC bought a new stake in SPDR S&P Kensho New Economies Composite ETF in the 3rd quarter valued at $203,000. JPMorgan Chase & Co. boosted its stake in SPDR S&P Kensho New Economies Composite ETF by 3,001.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,590 shares of the company’s stock worth $226,000 after purchasing an additional 4,442 shares during the period. One Capital Management LLC bought a new position in SPDR S&P Kensho New Economies Composite ETF during the 2nd quarter worth about $725,000. Finally, Strategic Advocates LLC raised its stake in shares of SPDR S&P Kensho New Economies Composite ETF by 4.7% in the 3rd quarter. Strategic Advocates LLC now owns 496,033 shares of the company’s stock valued at $24,469,000 after purchasing an additional 22,348 shares during the period.

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.