Northwestern Mutual Wealth Management Co. Purchases 273,803 Shares of Fidelity NASDAQ Composite Index ETF $ONEQ

Northwestern Mutual Wealth Management Co. lifted its position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 494.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,154 shares of the company’s stock after acquiring an additional 273,803 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity NASDAQ Composite Index ETF were worth $30,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 6.3% in the fourth quarter. Wealthfront Advisers LLC now owns 688,825 shares of the company’s stock valued at $62,959,000 after acquiring an additional 40,983 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 4.0% in the second quarter. Bank of America Corp DE now owns 569,103 shares of the company’s stock valued at $45,585,000 after acquiring an additional 21,951 shares in the last quarter. Lebenthal Global Advisors LLC raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 42.4% in the fourth quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock valued at $47,639,000 after acquiring an additional 155,262 shares in the last quarter. LJI Wealth Management LLC raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 9.7% in the fourth quarter. LJI Wealth Management LLC now owns 368,844 shares of the company’s stock valued at $33,712,000 after acquiring an additional 32,552 shares in the last quarter. Finally, TCP Asset Management LLC raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 2.5% in the fourth quarter. TCP Asset Management LLC now owns 314,137 shares of the company’s stock valued at $28,712,000 after acquiring an additional 7,793 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Price Performance

ONEQ stock opened at $102.76 on Tuesday. The business has a 50-day moving average price of $92.59 and a 200 day moving average price of $91.77. The company has a market capitalization of $10.45 billion, a P/E ratio of 28.20 and a beta of 1.21. Fidelity NASDAQ Composite Index ETF has a 1-year low of $73.11 and a 1-year high of $105.12.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were issued a $0.111 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, March 20th.

Fidelity NASDAQ Composite Index ETF Profile

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.