Hughes Financial Services LLC Invests $2.05 Million in SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP)

Hughes Financial Services LLC acquired a new position in shares of SPDR S&P Kensho New Economies Composite ETF (NYSEARCA:KOMP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,332 shares of the company’s stock, valued at approximately $2,050,000. SPDR S&P Kensho New Economies Composite ETF makes up about 0.4% of Hughes Financial Services LLC’s investment portfolio, making the stock its 25th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crews Bank & Trust bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter worth about $25,000. Flow Traders U.S. LLC bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 3rd quarter worth about $203,000. Fisher Asset Management LLC bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter worth about $223,000. JPMorgan Chase & Co. boosted its position in shares of SPDR S&P Kensho New Economies Composite ETF by 3,001.4% during 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 in the last quarter. Finally, Sherman Asset Management Inc. bought a new position in shares of SPDR S&P Kensho New Economies Composite ETF during the 4th quarter worth about $739,000.

SPDR S&P Kensho New Economies Composite ETF Price Performance

KOMP stock opened at $46.49 on Friday. SPDR S&P Kensho New Economies Composite ETF has a 1 year low of $43.14 and a 1 year high of $55.31. The stock has a market capitalization of $1.91 billion, a PE ratio of 22.41 and a beta of 1.28. The company’s 50-day moving average is $51.94 and its 200-day moving average is $51.04.

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.