Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Hits New 52-Week High – Here’s Why

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)’s stock price hit a new 52-week high on Monday . The stock traded as high as $107.10 and last traded at $106.98, with a volume of 272433 shares. The stock had previously closed at $104.42.

Fidelity NASDAQ Composite Index ETF Trading Down 0.3%

The firm’s fifty day moving average price is $102.93 and its 200-day moving average price is $99.22. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 28.20 and a beta of 1.22.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were given a dividend of $0.112 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.45 annualized dividend and a yield of 0.4%.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Several hedge funds have recently modified their holdings of the stock. Heck Capital Advisors LLC grew its position in Fidelity NASDAQ Composite Index ETF by 1.8% during the second quarter. Heck Capital Advisors LLC now owns 596,957 shares of the company’s stock worth $61,618,000 after buying an additional 10,295 shares during the period. Kestra Advisory Services LLC increased its position in Fidelity NASDAQ Composite Index ETF by 21.4% during the 1st quarter. Kestra Advisory Services LLC now owns 510,241 shares of the company’s stock worth $43,325,000 after purchasing an additional 89,794 shares in the last quarter. Wealthspire Retirement LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 6.8% in the first quarter. Wealthspire Retirement LLC now owns 468,223 shares of the company’s stock valued at $39,757,000 after buying an additional 29,709 shares during the last quarter. Align Financial LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the fourth quarter valued at approximately $27,128,000. Finally, Prasad Wealth Partners LLC boosted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 2.3% during the first quarter. Prasad Wealth Partners LLC now owns 253,916 shares of the company’s stock worth $21,560,000 after purchasing an additional 5,730 shares during the last quarter.

Fidelity NASDAQ Composite Index ETF Company 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.