Fidelity NASDAQ Composite Index ETF $ONEQ Stock: Lebenthal Global Advisors LLC Trims Holdings

Lebenthal Global Advisors LLC lowered its stake in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 514,417 shares of the company’s stock after selling 17,238 shares during the quarter. Fidelity NASDAQ Composite Index ETF makes up approximately 7.3% of Lebenthal Global Advisors LLC’s holdings, making the stock its biggest holding. Lebenthal Global Advisors LLC owned about 0.49% of Fidelity NASDAQ Composite Index ETF worth $54,446,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ONEQ. Montgomery Financial Services LLC acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter valued at $36,000. Investors Research Corp acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter worth approximately $38,000. Foresight Capital Management Advisors Inc. acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 3rd quarter worth approximately $45,000. Schuylkill Financial LLC acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter worth approximately $49,000. Finally, Allied Private Wealth LLC bought a new stake in shares of Fidelity NASDAQ Composite Index ETF during the second quarter worth approximately $52,000.

Fidelity NASDAQ Composite Index ETF Price Performance

Shares of NASDAQ ONEQ opened at $100.25 on Friday. The company’s 50 day simple moving average is $104.72 and its 200 day simple moving average is $98.61. Fidelity NASDAQ Composite Index ETF has a fifty-two week low of $81.45 and a fifty-two week high of $109.24. The firm has a market capitalization of $10.47 billion, a P/E ratio of 28.20 and a beta of 1.22.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were given a dividend of $0.1120 per share. This represents a $0.45 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 18th. This is a negative change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.1430.

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.