NewEdge Advisors LLC Decreases Stock Holdings in Fidelity NASDAQ Composite Index ETF $ONEQ

NewEdge Advisors LLC reduced its stake in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 41.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,314 shares of the company’s stock after selling 12,483 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity NASDAQ Composite Index ETF were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in shares of Fidelity NASDAQ Composite Index ETF by 7.8% during the 4th quarter. LPL Financial LLC now owns 1,201,414 shares of the company’s stock worth $109,809,000 after acquiring an additional 86,467 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 6.3% in the 4th quarter. Wealthfront Advisers LLC now owns 688,825 shares of the company’s stock valued at $62,959,000 after purchasing an additional 40,983 shares in the last quarter. Bank of America Corp DE raised its holdings in Fidelity NASDAQ Composite Index ETF by 4.0% during the second quarter. Bank of America Corp DE now owns 569,103 shares of the company’s stock worth $45,585,000 after purchasing an additional 21,951 shares during the last quarter. Lebenthal Global Advisors LLC raised its holdings in 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 purchasing an additional 155,262 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its position in Fidelity NASDAQ Composite Index ETF by 21.4% during the first quarter. Kestra Advisory Services LLC now owns 510,241 shares of the company’s stock worth $43,325,000 after purchasing an additional 89,794 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Performance

ONEQ opened at $100.03 on Friday. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21. Fidelity NASDAQ Composite Index ETF has a one year low of $80.76 and a one year high of $107.07. The business’s fifty day moving average is $102.17 and its two-hundred day moving average is $95.78.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a dividend of $0.143 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.57 dividend on an annualized basis and a yield of 0.6%. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11.

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.