Kovack Advisors Inc. Sells 318 Shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Kovack Advisors Inc. cut its stake in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,602 shares of the company’s stock after selling 318 shares during the quarter. Kovack Advisors Inc.’s holdings in Fidelity NASDAQ Composite Index ETF were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cedar Point Capital Partners LLC grew its holdings in Fidelity NASDAQ Composite Index ETF by 0.3% during the 4th quarter. Cedar Point Capital Partners LLC now owns 43,173 shares of the company’s stock worth $3,284,000 after acquiring an additional 134 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in Fidelity NASDAQ Composite Index ETF by 6.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,777 shares of the company’s stock worth $270,000 after acquiring an additional 217 shares during the last quarter. Larson Financial Group LLC grew its holdings in Fidelity NASDAQ Composite Index ETF by 18.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,513 shares of the company’s stock worth $108,000 after acquiring an additional 239 shares during the last quarter. Beaumont Financial Advisors LLC grew its holdings in Fidelity NASDAQ Composite Index ETF by 3.8% during the 4th quarter. Beaumont Financial Advisors LLC now owns 8,123 shares of the company’s stock worth $618,000 after acquiring an additional 300 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth approximately $25,000.

Fidelity NASDAQ Composite Index ETF Price Performance

ONEQ opened at $74.26 on Friday. Fidelity NASDAQ Composite Index ETF has a fifty-two week low of $59.98 and a fifty-two week high of $79.75. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 33.15 and a beta of 1.13. The company’s 50 day moving average price is $77.14 and its two-hundred day moving average price is $74.27.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Friday, December 20th were given a $0.168 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.90%. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11.

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.