Islay Capital Management LLC Cuts Position in Fidelity NASDAQ Composite Index ETF $ONEQ

Islay Capital Management LLC lowered its stake in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 28.2% during the second quarter, Holdings Channel reports. The institutional investor owned 15,161 shares of the company’s stock after selling 5,945 shares during the period. Islay Capital Management LLC’s holdings in Fidelity NASDAQ Composite Index ETF were worth $1,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ONEQ. Commonwealth Equity Services LLC increased its holdings in Fidelity NASDAQ Composite Index ETF by 12.2% in the second quarter. Commonwealth Equity Services LLC now owns 1,419,678 shares of the company’s stock valued at $113,716,000 after buying an additional 154,160 shares in the last quarter. Heck Capital Advisors LLC boosted its stake in shares of Fidelity NASDAQ Composite Index ETF by 37.9% during the 2nd quarter. Heck Capital Advisors LLC now owns 608,702 shares of the company’s stock worth $48,757,000 after acquiring an additional 167,440 shares in the last quarter. NFP Retirement Inc. grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 0.9% in the 1st quarter. NFP Retirement Inc. now owns 456,696 shares of the company’s stock worth $31,085,000 after acquiring an additional 3,960 shares during the period. LJI Wealth Management LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 6.3% in the 2nd quarter. LJI Wealth Management LLC now owns 352,362 shares of the company’s stock worth $28,224,000 after acquiring an additional 20,803 shares during the period. Finally, Madison Wealth Partners Inc increased its stake in Fidelity NASDAQ Composite Index ETF by 8.2% in the 2nd quarter. Madison Wealth Partners Inc now owns 249,908 shares of the company’s stock valued at $20,018,000 after purchasing an additional 18,876 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Performance

Shares of ONEQ stock opened at $89.95 on Friday. The stock has a fifty day moving average price of $89.74 and a 200 day moving average price of $82.77. The stock has a market cap of $9.08 billion, a PE ratio of 28.20 and a beta of 1.15. Fidelity NASDAQ Composite Index ETF has a 1 year low of $58.12 and a 1 year high of $94.49.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Friday, September 19th were paid a dividend of $0.137 per share. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.55 annualized dividend and a dividend yield of 0.6%.

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.