Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Reaches New 12-Month High – Should You Buy?

Shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) reached a new 52-week high on Friday. The company traded as high as $107.65 and last traded at $107.6040, with a volume of 126554 shares. The stock had previously closed at $105.90.

Fidelity NASDAQ Composite Index ETF Stock Up 1.1%

The company has a 50-day moving average price of $103.60 and a 200-day moving average price of $100.07. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 28.20 and a beta of 1.22.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Friday, September 18th were paid a dividend of $0.1120 per share. This is a decrease from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.1430. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, September 18th.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Institutional investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 1.8% in the second quarter. Heck Capital Advisors LLC now owns 596,957 shares of the company’s stock valued at $61,618,000 after buying an additional 10,295 shares during the period. Kestra Advisory Services LLC lifted its position in shares of Fidelity NASDAQ Composite Index ETF by 21.4% in 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. Wealthspire Retirement LLC lifted its position in Fidelity NASDAQ Composite Index ETF by 6.8% in the 1st quarter. Wealthspire Retirement LLC now owns 468,223 shares of the company’s stock worth $39,757,000 after buying an additional 29,709 shares in the last quarter. Align Financial LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF during the fourth quarter valued at $27,128,000. Finally, Prasad Wealth Partners LLC grew its stake in Fidelity NASDAQ Composite Index ETF by 2.3% in the first quarter. Prasad Wealth Partners LLC now owns 253,916 shares of the company’s stock valued at $21,560,000 after purchasing an additional 5,730 shares in 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.