Fisher Asset Management LLC Lowers Holdings in Fidelity NASDAQ Composite Index ETF $ONEQ

Fisher Asset Management LLC trimmed its holdings in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 5.1% in the 4th quarter, HoldingsChannel reports. The fund owned 597,506 shares of the company’s stock after selling 32,411 shares during the quarter. Fisher Asset Management LLC’s holdings in Fidelity NASDAQ Composite Index ETF were worth $54,612,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ONEQ. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 494.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 329,154 shares of the company’s stock worth $30,085,000 after buying an additional 273,803 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the third quarter worth $15,934,000. Lebenthal Global Advisors LLC boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 42.4% during the fourth quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock worth $47,639,000 after buying an additional 155,262 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 100.9% during the second quarter. The Manufacturers Life Insurance Company now owns 160,700 shares of the company’s stock worth $12,872,000 after buying an additional 80,700 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the first quarter worth $3,330,000.

Fidelity NASDAQ Composite Index ETF Stock Up 1.2%

ONEQ opened at $104.96 on Wednesday. Fidelity NASDAQ Composite Index ETF has a 52 week low of $74.16 and a 52 week high of $105.22. The business has a fifty day simple moving average of $94.39 and a 200-day simple moving average of $92.21. The firm has a market cap of $10.67 billion, a P/E ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

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.