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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ – Get Free Report)’s share price reached a new 52-week high 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 Trading Up 2.3%

The company has a market capitalization of $11.05 billion, a PE ratio of 28.20 and a beta of 1.22. The firm has a 50 day simple moving average of $102.74 and a two-hundred day simple moving average of $98.97.

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Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Large investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 1.2% in the second quarter. IFP Advisors Inc now owns 26,975 shares of the company’s stock valued at $2,784,000 after acquiring an additional 332 shares in the last quarter. Corient Private Wealth LP raised its holdings in Fidelity NASDAQ Composite Index ETF by 1.0% during the second quarter. Corient Private Wealth LP now owns 11,912 shares of the company’s stock worth $1,230,000 after purchasing an additional 116 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in Fidelity NASDAQ Composite Index ETF by 38.1% during the second quarter. Ameritas Advisory Services LLC now owns 7,575 shares of the company’s stock worth $782,000 after purchasing an additional 2,088 shares in the last quarter. Schuylkill Financial LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF in the second quarter valued at about $49,000. Finally, Compass Financial Management LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF in the second quarter valued at about $212,000.

About Fidelity NASDAQ Composite Index ETF

(Get Free Report)

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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