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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) shares reached a new 52-week low during trading on Monday . The stock traded as low as $58.12 and last traded at $58.32, with a volume of 421231 shares traded. The stock had previously closed at $61.42.

Fidelity NASDAQ Composite Index ETF Price Performance

The company has a market cap of $6.01 billion, a PE ratio of 28.97 and a beta of 1.13. The stock has a 50 day simple moving average of $73.31 and a two-hundred day simple moving average of $74.40.

Fidelity NASDAQ Composite Index ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 21st were paid a dividend of $0.091 per share. The ex-dividend date of this dividend was Friday, March 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Brookstone Capital Management grew its position in Fidelity NASDAQ Composite Index ETF by 74.2% in the 4th quarter. Brookstone Capital Management now owns 6,040 shares of the company’s stock valued at $459,000 after buying an additional 2,573 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 4th quarter worth approximately $38,000. Janney Montgomery Scott LLC increased its position in shares of Fidelity NASDAQ Composite Index ETF by 16.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,287 shares of the company’s stock valued at $478,000 after buying an additional 905 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 128.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,556 shares of the company’s stock worth $955,000 after buying an additional 7,064 shares in the last quarter. Finally, Gimbal Financial grew its stake in Fidelity NASDAQ Composite Index ETF by 4.2% in the 4th quarter. Gimbal Financial now owns 86,694 shares of the company’s stock valued at $6,594,000 after acquiring an additional 3,455 shares during the last quarter.

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.