Fidelity NASDAQ Composite Index ETF $ONEQ Position Decreased by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC cut its stake in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 5.0% in the third quarter, Holdings Channel.com reports. The fund owned 166,445 shares of the company’s stock after selling 8,686 shares during the period. Fidelity NASDAQ Composite Index ETF makes up approximately 3.1% of Commonwealth Financial Services LLC’s investment portfolio, making the stock its 9th biggest position. Commonwealth Financial Services LLC’s holdings in Fidelity NASDAQ Composite Index ETF were worth $17,617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ONEQ. Heck Capital Advisors LLC boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 1.8% during the second quarter. Heck Capital Advisors LLC now owns 596,957 shares of the company’s stock worth $61,618,000 after buying an additional 10,295 shares during the period. Kestra Advisory Services LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 21.4% during 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 during the period. Wealthspire Retirement LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 6.8% during 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 during the period. Prasad Wealth Partners LLC increased its position in shares of Fidelity NASDAQ Composite Index ETF by 2.3% during the first quarter. Prasad Wealth Partners LLC now owns 253,916 shares of the company’s stock worth $21,560,000 after acquiring an additional 5,730 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Fidelity NASDAQ Composite Index ETF by 24.7% in the third quarter. Farther Finance Advisors LLC now owns 118,325 shares of the company’s stock valued at $12,524,000 after acquiring an additional 23,421 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Up 0.1%

NASDAQ ONEQ traded up $0.13 on Tuesday, hitting $104.25. 231,329 shares of the stock were exchanged, compared to its average volume of 334,948. Fidelity NASDAQ Composite Index ETF has a fifty-two week low of $81.45 and a fifty-two week high of $109.24. The company has a 50-day moving average price of $104.91 and a 200-day moving average price of $101.84. The company has a market cap of $10.79 billion, a PE ratio of 28.20 and a beta of 1.22.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Fidelity NASDAQ Composite Index ETF 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.