Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Hits New 1-Year High – Should You Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $86.76 and last traded at $86.18, with a volume of 169650 shares. The stock had previously closed at $86.18.

Fidelity NASDAQ Composite Index ETF Price Performance

The company has a market capitalization of $8.66 billion, a P/E ratio of 28.20 and a beta of 1.13. The stock has a 50-day moving average price of $83.41 and a 200-day moving average price of $75.78.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Friday, June 20th were paid a dividend of $0.118 per share. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.09. This represents a $0.47 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, June 20th.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Several large investors have recently added to or reduced their stakes in ONEQ. Commonwealth Equity Services LLC grew its stake in Fidelity NASDAQ Composite Index ETF by 12.2% in the second quarter. Commonwealth Equity Services LLC now owns 1,419,678 shares of the company’s stock valued at $113,716,000 after acquiring an additional 154,160 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 11.5% in the 1st quarter. Wealthfront Advisers LLC now owns 705,032 shares of the company’s stock worth $47,988,000 after purchasing an additional 72,912 shares in the last quarter. Heck Capital Advisors LLC lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 37.9% in the 2nd quarter. Heck Capital Advisors LLC now owns 608,702 shares of the company’s stock worth $48,757,000 after purchasing an additional 167,440 shares in the last quarter. Bank of America Corp DE grew its position in Fidelity NASDAQ Composite Index ETF by 6.3% in the 4th quarter. Bank of America Corp DE now owns 580,170 shares of the company’s stock valued at $44,128,000 after purchasing an additional 34,324 shares during the period. Finally, Two Sigma Investments LP increased its stake in Fidelity NASDAQ Composite Index ETF by 40.7% during the 4th quarter. Two Sigma Investments LP now owns 457,000 shares of the company’s stock valued at $34,759,000 after purchasing an additional 132,100 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.