Sovran Advisors LLC Takes $770,000 Position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Sovran Advisors LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) during the 4th quarter, Holdings Channel reports. The fund purchased 10,258 shares of the company’s stock, valued at approximately $770,000.

Other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Fidelity NASDAQ Composite Index ETF during the fourth quarter worth $25,000. Fifth Third Bancorp acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter valued at $38,000. Red Tortoise LLC bought a new stake in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth $41,000. Geneos Wealth Management Inc. acquired a new position in Fidelity NASDAQ Composite Index ETF in the 4th quarter worth about $51,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fidelity NASDAQ Composite Index ETF in the 3rd quarter worth about $57,000.

Fidelity NASDAQ Composite Index ETF Trading Down 0.3 %

Shares of ONEQ stock opened at $77.35 on Wednesday. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 33.60 and a beta of 1.13. The business’s 50-day moving average price is $77.42 and its 200-day moving average price is $73.30. Fidelity NASDAQ Composite Index ETF has a 12 month low of $59.98 and a 12 month high of $79.75.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were issued a $0.168 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, December 20th. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11.

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.