Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Reaches New 52-Week High – Still a Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $81.14 and last traded at $81.03, with a volume of 204185 shares changing hands. The stock had previously closed at $80.24.

Fidelity NASDAQ Composite Index ETF Stock Up 1.0%

The stock has a 50-day moving average of $75.09 and a 200 day moving average of $73.74. The stock has a market cap of $8.15 billion, a PE ratio of 27.82 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Friday, June 20th were paid a $0.118 dividend. The ex-dividend date was Friday, June 20th. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.09. This represents a $0.47 dividend on an annualized basis and a dividend yield of 0.58%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC increased its position in Fidelity NASDAQ Composite Index ETF by 72.6% during the fourth quarter. Brighton Jones LLC now owns 5,117 shares of the company’s stock worth $389,000 after purchasing an additional 2,153 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Fidelity NASDAQ Composite Index ETF by 118.9% in the 4th quarter. Jones Financial Companies Lllp now owns 46,295 shares of the company’s stock valued at $3,521,000 after purchasing an additional 25,145 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 4th quarter valued at approximately $6,968,000. SP Asset Management LLC increased its holdings in shares of Fidelity NASDAQ Composite Index ETF by 67.4% during the 4th quarter. SP Asset Management LLC now owns 4,981 shares of the company’s stock worth $379,000 after buying an additional 2,006 shares during the last quarter. Finally, Elevation Capital Advisory LLC acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter worth approximately $10,548,000.

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.