Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Strong Trading Volume – What’s Next?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw unusually-high trading volume on Monday . Approximately 330,387 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 292,034 shares.The stock last traded at $66.88 and had previously closed at $68.17.

Fidelity NASDAQ Composite Index ETF Price Performance

The firm has a fifty day moving average of $74.12 and a 200 day moving average of $74.49. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 28.97 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were issued a dividend of $0.091 per share. The ex-dividend date was Friday, March 21st.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Fidelity NASDAQ Composite Index ETF by 310.9% in the 4th quarter. JPMorgan Chase & Co. now owns 470,444 shares of the company’s stock worth $35,782,000 after acquiring an additional 355,951 shares in the last quarter. Prasad Wealth Partners LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter valued at approximately $27,004,000. LPL Financial LLC raised its position in Fidelity NASDAQ Composite Index ETF by 40.0% in the fourth quarter. LPL Financial LLC now owns 1,079,347 shares of the company’s stock valued at $82,095,000 after purchasing an additional 308,242 shares during the period. GeoWealth Management LLC raised its stake in shares of Fidelity NASDAQ Composite Index ETF by 33,835.2% in the 4th quarter. GeoWealth Management LLC now owns 302,363 shares of the company’s stock valued at $22,998,000 after acquiring an additional 301,472 shares during the period. Finally, Heck Capital Advisors LLC acquired a new position in Fidelity NASDAQ Composite Index ETF during the fourth quarter worth $18,258,000.

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.