LJI Wealth Management LLC Reduces Position in Fidelity NASDAQ Composite Index ETF $ONEQ

LJI Wealth Management LLC lowered its stake in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,292 shares of the company’s stock after selling 16,070 shares during the quarter. Fidelity NASDAQ Composite Index ETF accounts for 5.2% of LJI Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. LJI Wealth Management LLC owned 0.33% of Fidelity NASDAQ Composite Index ETF worth $29,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Silverlake Wealth Management LLC purchased a new position in Fidelity NASDAQ Composite Index ETF during the 3rd quarter worth $212,000. Arkansas Financial Group Inc. grew its position in Fidelity NASDAQ Composite Index ETF by 2.3% in the 3rd quarter. Arkansas Financial Group Inc. now owns 50,968 shares of the company’s stock worth $4,571,000 after purchasing an additional 1,153 shares in the last quarter. Heck Capital Advisors LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 1.2% in the 3rd quarter. Heck Capital Advisors LLC now owns 616,117 shares of the company’s stock valued at $54,914,000 after buying an additional 7,415 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Fidelity NASDAQ Composite Index ETF by 90.9% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,018 shares of the company’s stock worth $536,000 after buying an additional 2,865 shares in the last quarter. Finally, Capital Investment Advisors LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF in the 3rd quarter worth approximately $219,000.

Fidelity NASDAQ Composite Index ETF Stock Down 0.1%

ONEQ stock opened at $92.46 on Friday. The firm has a market cap of $9.44 billion, a PE ratio of 28.20 and a beta of 1.15. The business has a 50 day moving average of $91.58 and a 200-day moving average of $88.15. Fidelity NASDAQ Composite Index ETF has a 12-month low of $58.12 and a 12-month high of $94.49.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, December 19th. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.14.

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.