Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Hits New 12-Month High – Still a Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $107.10 and last traded at $106.98, with a volume of 272433 shares traded. The stock had previously closed at $104.42.

Fidelity NASDAQ Composite Index ETF Stock Up 2.3%

The company has a market cap of $11.05 billion, a price-to-earnings ratio of 28.20 and a beta of 1.22. The firm has a 50-day simple moving average of $102.74 and a 200 day simple moving average of $98.97.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th will be issued a $0.112 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 18th.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Heck Capital Advisors LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 1.8% in the second quarter. Heck Capital Advisors LLC now owns 596,957 shares of the company’s stock valued at $61,618,000 after purchasing an additional 10,295 shares during the period. Kestra Advisory Services LLC boosted its stake 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 period. Wealthspire Retirement LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 6.8% during the first quarter. Wealthspire Retirement LLC now owns 468,223 shares of the company’s stock worth $39,757,000 after buying an additional 29,709 shares during the last quarter. Align Financial LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the fourth quarter worth about $27,128,000. Finally, Prasad Wealth Partners LLC increased its position in Fidelity NASDAQ Composite Index ETF by 2.3% in the 1st quarter. Prasad Wealth Partners LLC now owns 253,916 shares of the company’s stock valued at $21,560,000 after acquiring an additional 5,730 shares during the period.

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.