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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) hit a new 52-week high during trading on Tuesday . The company traded as high as $89.74 and last traded at $89.63, with a volume of 308302 shares changing hands. The stock had previously closed at $88.85.

Fidelity NASDAQ Composite Index ETF Stock Up 0.9%

The stock’s 50-day moving average price is $84.56 and its 200 day moving average price is $76.64. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 28.20 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 19th will be given a $0.137 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, September 19th.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. increased its position in Fidelity NASDAQ Composite Index ETF by 531.7% during the second quarter. DHJJ Financial Advisors Ltd. now owns 379 shares of the company’s stock worth $30,000 after purchasing an additional 319 shares during the last quarter. IMA Advisory Services Inc. acquired a new stake in Fidelity NASDAQ Composite Index ETF during the first quarter worth about $26,000. Iron Horse Wealth Management LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF during the first quarter worth about $28,000. WPG Advisers LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF during the first quarter worth about $32,000. Finally, Cape Investment Advisory Inc. increased its position in Fidelity NASDAQ Composite Index ETF by 621.7% during the first quarter. Cape Investment Advisory Inc. now owns 599 shares of the company’s stock worth $41,000 after purchasing an additional 516 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.