Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sets New 12-Month High – Time to Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $73.65 and last traded at $73.53, with a volume of 64481 shares changing hands. The stock had previously closed at $72.50.

Fidelity NASDAQ Composite Index ETF Stock Up 0.7 %

The firm has a market cap of $7.02 billion, a PE ratio of 33.60 and a beta of 1.13. The business has a 50 day simple moving average of $70.52 and a two-hundred day simple moving average of $68.28.

Fidelity NASDAQ Composite Index ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 20th were paid a $0.113 dividend. This represents a $0.45 annualized dividend and a yield of 0.62%. The ex-dividend date was Friday, September 20th.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Several large investors have recently added to or reduced their stakes in ONEQ. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the second quarter worth approximately $38,000. Northwest Investment Counselors LLC bought a new stake in Fidelity NASDAQ Composite Index ETF during the 3rd quarter valued at $57,000. International Assets Investment Management LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter worth $69,000. GAMMA Investing LLC grew its position in shares of Fidelity NASDAQ Composite Index ETF by 62.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,331 shares of the company’s stock worth $163,000 after buying an additional 900 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the third quarter valued at $185,000.

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.