Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sets New 12-Month High – Here’s Why

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $105.22 and last traded at $105.16, with a volume of 116031 shares traded. The stock had previously closed at $103.76.

Fidelity NASDAQ Composite Index ETF Trading Up 0.9%

The firm’s 50 day moving average is $95.08 and its two-hundred day moving average is $92.42. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Coastline Complete Wealth LLC acquired a new position in Fidelity NASDAQ Composite Index ETF in the 1st quarter valued at about $8,602,000. Western Wealth Management LLC raised its stake in Fidelity NASDAQ Composite Index ETF by 8.6% in the 1st quarter. Western Wealth Management LLC now owns 3,040 shares of the company’s stock valued at $258,000 after purchasing an additional 240 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Fidelity NASDAQ Composite Index ETF by 144.5% in the 1st quarter. Arkadios Wealth Advisors now owns 26,760 shares of the company’s stock valued at $2,272,000 after purchasing an additional 15,816 shares during the last quarter. Empowered Funds LLC raised its stake in Fidelity NASDAQ Composite Index ETF by 33.0% in the 1st quarter. Empowered Funds LLC now owns 6,943 shares of the company’s stock valued at $590,000 after purchasing an additional 1,721 shares during the last quarter. Finally, Gateway Wealth Partners LLC raised its stake in Fidelity NASDAQ Composite Index ETF by 131.0% in the 1st quarter. Gateway Wealth Partners LLC now owns 96,266 shares of the company’s stock valued at $8,174,000 after purchasing an additional 54,591 shares during the last quarter.

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.