Keenan LLC Makes New Investment in Fidelity NASDAQ Composite Index ETF $ONEQ

Keenan LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 66,541 shares of the company’s stock, valued at approximately $6,082,000. Fidelity NASDAQ Composite Index ETF makes up 5.3% of Keenan LLC’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also made changes to their positions in ONEQ. Northwestern Mutual Wealth Management Co. grew its position in Fidelity NASDAQ Composite Index ETF by 494.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 329,154 shares of the company’s stock valued at $30,085,000 after purchasing an additional 273,803 shares in the last quarter. Align Financial LLC bought a new stake in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth about $27,128,000. Lebenthal Global Advisors LLC lifted its position in Fidelity NASDAQ Composite Index ETF by 42.4% during the 4th quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock worth $47,639,000 after buying an additional 155,262 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Fidelity NASDAQ Composite Index ETF by 7.8% during the 4th quarter. LPL Financial LLC now owns 1,201,414 shares of the company’s stock worth $109,809,000 after buying an additional 86,467 shares during the last quarter. Finally, Harvest Investment Advisors LLC acquired a new position in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter worth about $7,514,000.

Fidelity NASDAQ Composite Index ETF Price Performance

Shares of NASDAQ ONEQ opened at $104.25 on Friday. The business has a 50-day moving average of $100.82 and a 200-day moving average of $93.90. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21. Fidelity NASDAQ Composite Index ETF has a fifty-two week low of $75.98 and a fifty-two week high of $107.07.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th will be paid a $0.143 dividend. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11. This represents a $0.57 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, June 18th.

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. 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.