Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Share Price Breaks Below Two Hundred Day Moving Average – Should You Sell?

Shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $98.74 and traded as low as $95.66. Fidelity NASDAQ Composite Index ETF shares last traded at $95.81, with a volume of 1,109,197 shares.

Fidelity NASDAQ Composite Index ETF Stock Performance

The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 25.90 and a beta of 1.23. The company’s 50 day moving average is $104.42 and its 200 day moving average is $98.74.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were issued a dividend of $0.1120 per share. This represents a $0.45 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, September 18th. This is a negative change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.1430.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Montgomery Financial Services LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF during the second quarter worth about $36,000. Investors Research Corp acquired a new position in Fidelity NASDAQ Composite Index ETF in the 2nd quarter valued at approximately $38,000. Foresight Capital Management Advisors Inc. acquired a new position in Fidelity NASDAQ Composite Index ETF in the 3rd quarter valued at approximately $45,000. Schuylkill Financial LLC bought a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter worth approximately $49,000. Finally, Allied Private Wealth LLC bought a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter worth approximately $52,000.

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. 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.