Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sets New 52-Week High – Should You Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $99.71 and last traded at $99.58, with a volume of 46131 shares. The stock had previously closed at $98.68.

Fidelity NASDAQ Composite Index ETF Stock Performance

The firm has a fifty day simple moving average of $89.99 and a 200 day simple moving average of $90.91. The company has a market capitalization of $10.15 billion, a PE ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were given a dividend of $0.111 per share. This represents a $0.44 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, March 20th.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ONEQ. Brighton Jones LLC boosted its position in Fidelity NASDAQ Composite Index ETF by 72.6% during the 4th quarter. Brighton Jones LLC now owns 5,117 shares of the company’s stock valued at $389,000 after acquiring an additional 2,153 shares in the last quarter. AQR Capital Management LLC bought a new stake in Fidelity NASDAQ Composite Index ETF during the 1st quarter valued at $475,000. Integrated Wealth Concepts LLC boosted its position in Fidelity NASDAQ Composite Index ETF by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,072 shares of the company’s stock valued at $345,000 after acquiring an additional 525 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 1st quarter worth $3,330,000. Finally, Marshall Wace LLP acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter worth $335,000.

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. 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.