Wealth Management Associates Inc. Has $1.75 Million Position in Fidelity NASDAQ Composite Index ETF $ONEQ

Wealth Management Associates Inc. cut its stake in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,815 shares of the company’s stock after selling 374 shares during the quarter. Wealth Management Associates Inc.’s holdings in Fidelity NASDAQ Composite Index ETF were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cedar Point Capital Partners LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 4.2% during the 2nd quarter. Cedar Point Capital Partners LLC now owns 45,538 shares of the company’s stock valued at $3,648,000 after purchasing an additional 1,817 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 13.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 45,600 shares of the company’s stock valued at $3,653,000 after purchasing an additional 5,232 shares during the last quarter. LJI Wealth Management LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 6.3% during the 2nd quarter. LJI Wealth Management LLC now owns 352,362 shares of the company’s stock valued at $28,224,000 after purchasing an additional 20,803 shares during the last quarter. Forum Financial Management LP bought a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter valued at approximately $292,000. Finally, Elevation Capital Advisory LLC bought a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter valued at approximately $8,916,000.

Fidelity NASDAQ Composite Index ETF Trading Up 0.9%

Shares of Fidelity NASDAQ Composite Index ETF stock opened at $93.75 on Wednesday. The firm has a market capitalization of $9.47 billion, a PE ratio of 28.20 and a beta of 1.15. The firm’s 50 day moving average is $87.88 and its 200 day moving average is $80.64. Fidelity NASDAQ Composite Index ETF has a 1 year low of $58.12 and a 1 year high of $93.98.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, September 19th were issued a dividend of $0.137 per share. This represents a $0.55 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, September 19th. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.12.

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.