Eq LLC Lowers Stock Position in Fidelity NASDAQ Composite Index ETF $ONEQ

Eq LLC trimmed its holdings in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 30.5% in the third quarter, Holdings Channel.com reports. The fund owned 123,982 shares of the company’s stock after selling 54,479 shares during the quarter. Fidelity NASDAQ Composite Index ETF accounts for approximately 3.8% of Eq LLC’s portfolio, making the stock its 9th largest position. Eq LLC’s holdings in Fidelity NASDAQ Composite Index ETF were worth $11,050,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ONEQ. Brighton Jones LLC lifted its stake in Fidelity NASDAQ Composite Index ETF by 72.6% during the fourth quarter. Brighton Jones LLC now owns 5,117 shares of the company’s stock worth $389,000 after purchasing an additional 2,153 shares during the period. AQR Capital Management LLC bought a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 1st quarter valued at approximately $475,000. Integrated Wealth Concepts LLC raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,072 shares of the company’s stock worth $345,000 after buying an additional 525 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the 1st quarter worth approximately $3,330,000. Finally, Truist Financial Corp bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter worth approximately $219,000.

Fidelity NASDAQ Composite Index ETF Price Performance

Shares of NASDAQ:ONEQ opened at $88.78 on Friday. The business’s fifty day moving average price is $91.85 and its two-hundred day moving average price is $89.51. Fidelity NASDAQ Composite Index ETF has a fifty-two week low of $58.12 and a fifty-two week high of $94.49. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 28.20 and a beta of 1.15.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were given a dividend of $0.147 per share. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 19th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%.

About Fidelity NASDAQ Composite Index ETF

Fidelity Nasdaq Composite Index Tracking Stock (the Fund) is an exchange-traded fund . The Fund seeks to provide investment returns that closely correspond to the price and yield performance of the NASDAQ Composite Index (the Index). The Fund normally invests at least 80% of assets in common stocks included in the Index .The NASDAQ Composite Index is a market capitalization-weighted index that is designed to represent the performance of NASDAQ securities and includes over 3,000 stocks. The Fund uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the index that have a similar investment profile to the entire the Index.