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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) shares saw unusually-high trading volume on Tuesday . Approximately 1,172,712 shares were traded during trading, an increase of 262% from the previous session’s volume of 324,192 shares.The stock last traded at $88.9380 and had previously closed at $89.37.

Fidelity NASDAQ Composite Index ETF Price Performance

The business has a fifty day moving average price of $89.90 and a 200 day moving average price of $83.26. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 28.20 and a beta of 1.15.

Fidelity NASDAQ Composite Index ETF Increases Dividend

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

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

A number of institutional investors have recently added to or reduced their stakes in ONEQ. DHJJ Financial Advisors Ltd. raised its stake in shares of Fidelity NASDAQ Composite Index ETF by 531.7% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 379 shares of the company’s stock worth $30,000 after buying an additional 319 shares in the last quarter. IMA Advisory Services Inc. bought a new stake in Fidelity NASDAQ Composite Index ETF in the first quarter worth about $26,000. Clearstead Advisors LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the 3rd quarter valued at about $34,000. WPG Advisers LLC acquired a new position in shares of Fidelity NASDAQ Composite Index ETF in the 1st quarter worth approximately $32,000. Finally, Assetmark Inc. raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 31.2% in the 3rd quarter. Assetmark Inc. now owns 505 shares of the company’s stock worth $45,000 after purchasing an additional 120 shares in the last quarter.

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.