Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Reaches New 52-Week High – Here’s Why

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $105.22 and last traded at $105.16, with a volume of 116031 shares traded. The stock had previously closed at $103.76.

Fidelity NASDAQ Composite Index ETF Price Performance

The stock has a market capitalization of $10.67 billion, a P/E ratio of 28.20 and a beta of 1.21. The company has a fifty day moving average of $94.04 and a two-hundred day moving average of $92.12.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were issued a $0.111 dividend. 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 the company. Assetmark Inc. grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 31.2% during the third quarter. Assetmark Inc. now owns 505 shares of the company’s stock valued at $45,000 after purchasing an additional 120 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 0.6% during the third quarter. Private Advisor Group LLC now owns 19,862 shares of the company’s stock valued at $1,770,000 after purchasing an additional 123 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 57.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Accredited Investors Inc. grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 2.9% during the first quarter. Accredited Investors Inc. now owns 4,550 shares of the company’s stock valued at $386,000 after purchasing an additional 130 shares during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 0.3% during the third quarter. Moors & Cabot Inc. now owns 48,648 shares of the company’s stock valued at $4,336,000 after purchasing an additional 136 shares during the last quarter.

Fidelity NASDAQ Composite Index ETF Company 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.