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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) shares reached a new 52-week high on Tuesday . The stock traded as high as $96.53 and last traded at $95.95, with a volume of 114881 shares changing hands. The stock had previously closed at $96.09.

Fidelity NASDAQ Composite Index ETF Trading Down 0.5%

The stock’s 50-day moving average price is $88.77 and its two-hundred day moving average price is $90.47. The stock has a market capitalization of $9.69 billion, a P/E ratio of 28.20 and a beta of 1.18.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were paid a dividend of $0.111 per share. The ex-dividend date was Friday, March 20th. This represents a $0.44 annualized dividend and a dividend yield of 0.5%.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Several large investors have recently modified their holdings of the stock. Assetmark Inc. increased its stake in shares of Fidelity NASDAQ Composite Index ETF by 31.2% during the 3rd quarter. Assetmark Inc. now owns 505 shares of the company’s stock worth $45,000 after purchasing an additional 120 shares during the last quarter. Private Advisor Group LLC raised its stake in Fidelity NASDAQ Composite Index ETF by 0.6% in the 3rd quarter. Private Advisor Group LLC now owns 19,862 shares of the company’s stock valued at $1,770,000 after acquiring an additional 123 shares during the period. Newbridge Financial Services Group Inc. raised its stake in Fidelity NASDAQ Composite Index ETF by 57.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Moors & Cabot Inc. raised its stake in Fidelity NASDAQ Composite Index ETF by 0.3% in the 3rd quarter. Moors & Cabot Inc. now owns 48,648 shares of the company’s stock valued at $4,336,000 after acquiring an additional 136 shares during the period. Finally, Focused Wealth Management Inc raised its stake in Fidelity NASDAQ Composite Index ETF by 0.3% in the 1st quarter. Focused Wealth Management Inc now owns 40,568 shares of the company’s stock valued at $3,445,000 after acquiring an additional 138 shares during the period.

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.