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) shares saw strong trading volume on Friday . 200,949 shares were traded 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 Price Performance

The stock has a 50-day moving average price of $46.24 and a 200-day moving average price of $43.81. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 21.33 and a beta of 1.39.

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

Hedge funds have recently added to or reduced their stakes in the stock. Financial Engines Advisors L.L.C. boosted its holdings in shares of SPDR S&P Kensho New Economies Composite ETF by 1.9% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 32,260,294 shares of the company’s stock valued at $1,277,681,000 after acquiring an additional 614,967 shares in the last quarter. Strategic Advocates LLC lifted its holdings in 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 worth $20,258,000 after buying an additional 408,957 shares during the period. SOL Capital Management CO lifted its holdings in SPDR S&P Kensho New Economies Composite ETF by 0.4% during the 1st quarter. SOL Capital Management CO now owns 76,250 shares of the company’s stock worth $3,666,000 after buying an additional 321 shares during the period. Advantage Trust Co acquired a new position in SPDR S&P Kensho New Economies Composite ETF during the 4th quarter worth about $2,874,000. Finally, Archford Capital Strategies LLC lifted its holdings in 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 buying an additional 1,759 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.