Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sets New 1-Year High – Here’s Why

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $98.00 and last traded at $98.00, with a volume of 3915 shares trading hands. The stock had previously closed at $97.69.

Fidelity NASDAQ Composite Index ETF Trading Down 0.9%

The firm has a 50-day simple moving average of $89.66 and a two-hundred day simple moving average of $90.78. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 28.20 and a beta of 1.18.

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 0.5%.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC acquired a new position in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter worth $26,000. Newbridge Financial Services Group Inc. boosted its holdings in Fidelity NASDAQ Composite Index ETF by 57.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares in the last quarter. Clearstead Advisors LLC acquired a new position in Fidelity NASDAQ Composite Index ETF during the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Fidelity NASDAQ Composite Index ETF by 442.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $35,000 after buying an additional 310 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the fourth quarter worth about $37,000.

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.