Fortune Financial Group Inc. Invests $1.38 Million in Fidelity NASDAQ Composite Index ETF $ONEQ

Fortune Financial Group Inc. purchased a new position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,050 shares of the company’s stock, valued at approximately $1,376,000. Fidelity NASDAQ Composite Index ETF makes up 1.4% of Fortune Financial Group Inc.’s investment portfolio, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Flagship Harbor Advisors LLC acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at $26,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 57.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF during the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Fidelity NASDAQ Composite Index ETF by 442.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $35,000 after acquiring an additional 310 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Fidelity NASDAQ Composite Index ETF by 31.2% in the 3rd quarter. Assetmark Inc. now owns 505 shares of the company’s stock worth $45,000 after acquiring an additional 120 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Trading Down 2.0%

Shares of Fidelity NASDAQ Composite Index ETF stock opened at $99.18 on Thursday. The stock has a 50-day moving average price of $98.45 and a 200 day moving average price of $93.29. The company has a market cap of $10.09 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 $75.98 and a 1 year high of $107.07.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently declared 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 dividend yield of 0.4%.

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.