15,050 Shares in Fidelity NASDAQ Composite Index ETF $ONEQ Acquired by Fortune Financial Group Inc.

Fortune Financial Group Inc. acquired a new position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 15,050 shares of the company’s stock, valued at approximately $1,376,000. Fidelity NASDAQ Composite Index ETF makes up about 1.4% of Fortune Financial Group Inc.’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in ONEQ. Brighton Jones LLC increased its holdings in Fidelity NASDAQ Composite Index ETF by 72.6% in the fourth quarter. Brighton Jones LLC now owns 5,117 shares of the company’s stock worth $389,000 after buying an additional 2,153 shares during the last quarter. AQR Capital Management LLC acquired a new position in Fidelity NASDAQ Composite Index ETF in the first quarter worth approximately $475,000. Integrated Wealth Concepts LLC increased its holdings in Fidelity NASDAQ Composite Index ETF by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 5,072 shares of the company’s stock worth $345,000 after buying an additional 525 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Fidelity NASDAQ Composite Index ETF during the 1st quarter valued at about $3,330,000. Finally, Marshall Wace LLP acquired a new position in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter valued at about $335,000.

Fidelity NASDAQ Composite Index ETF Stock Performance

Shares of NASDAQ ONEQ opened at $99.18 on Thursday. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21. The business’s 50-day simple moving average is $98.45 and its 200-day simple moving average is $93.29. Fidelity NASDAQ Composite Index ETF has a 52 week low of $75.98 and a 52 week high of $107.07.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Fidelity NASDAQ Composite Index ETF Profile

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.