Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sets New 1-Year High – What’s Next?

Shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $103.56 and last traded at $103.35, with a volume of 103077 shares. The stock had previously closed at $103.30.

Fidelity NASDAQ Composite Index ETF Stock Up 1.1%

The firm has a fifty day simple moving average of $91.45 and a 200-day simple moving average of $91.44. The company has a market cap of $10.56 billion, a PE ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were issued a dividend of $0.111 per share. 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%.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 7.8% during the fourth quarter. LPL Financial LLC now owns 1,201,414 shares of the company’s stock worth $109,809,000 after buying an additional 86,467 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 6.3% during the fourth quarter. Wealthfront Advisers LLC now owns 688,825 shares of the company’s stock worth $62,959,000 after buying an additional 40,983 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 4.0% during the second quarter. Bank of America Corp DE now owns 569,103 shares of the company’s stock worth $45,585,000 after buying an additional 21,951 shares during the last quarter. Lebenthal Global Advisors LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 42.4% during the fourth quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock worth $47,639,000 after buying an additional 155,262 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in shares of 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 buying an additional 89,794 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.