FOCUS Wealth Advisors LLC acquired a new position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor acquired 114,078 shares of the company’s stock, valued at approximately $11,775,000. Fidelity NASDAQ Composite Index ETF makes up about 5.5% of FOCUS Wealth Advisors LLC’s holdings, making the stock its 5th biggest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity NASDAQ Composite Index ETF by 494.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 329,154 shares of the company’s stock worth $30,085,000 after acquiring an additional 273,803 shares during the period. Align Financial LLC bought a new stake in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at $27,128,000. Lebenthal Global Advisors LLC increased its position in Fidelity NASDAQ Composite Index ETF by 42.4% during the 4th quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock valued at $47,639,000 after purchasing an additional 155,262 shares during the period. Coastline Complete Wealth LLC purchased a new position in Fidelity NASDAQ Composite Index ETF during the 1st quarter valued at $8,602,000. Finally, Kestra Advisory Services LLC increased its position in Fidelity NASDAQ Composite Index ETF by 21.4% during the 1st quarter. Kestra Advisory Services LLC now owns 510,241 shares of the company’s stock valued at $43,325,000 after purchasing an additional 89,794 shares during the period.
Fidelity NASDAQ Composite Index ETF Trading Down 0.9%
Shares of NASDAQ ONEQ opened at $103.88 on Thursday. The firm has a fifty day simple moving average of $102.11 and a two-hundred day simple moving average of $96.03. Fidelity NASDAQ Composite Index ETF has a 12 month low of $81.45 and a 12 month high of $107.07. The firm has a market capitalization of $10.78 billion, a PE ratio of 28.20 and a beta of 1.22.
Fidelity NASDAQ Composite Index ETF Increases Dividend
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.
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