Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ – Get Free Report) saw unusually-high trading volume on Thursday. Approximately 630,278 shares traded hands during mid-day trading, an increase of 90% from the previous session’s volume of 331,270 shares. The stock last traded at $104.8260 and had previously closed at $105.24.
Fidelity NASDAQ Composite Index ETF Price Performance
The stock has a 50 day moving average price of $104.93 and a 200-day moving average price of $101.57. The stock has a market capitalization of $10.66 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 disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Friday, September 18th were paid a $0.1120 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.45 annualized dividend and a yield of 0.4%. This is a decrease from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.1430.
Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FOCUS Wealth Advisors LLC purchased a new position in Fidelity NASDAQ Composite Index ETF in the second quarter worth approximately $11,775,000. Coastline Complete Wealth LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF during the first quarter worth $8,602,000. Kestra Advisory Services LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 21.4% during the first quarter. Kestra Advisory Services LLC now owns 510,241 shares of the company’s stock worth $43,325,000 after acquiring an additional 89,794 shares during the last quarter. Keenan LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF during the fourth quarter worth $6,082,000. Finally, Gateway Wealth Partners LLC raised its position in Fidelity NASDAQ Composite Index ETF by 131.0% in the first 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 period.
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.
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