Prasad Wealth Partners LLC Purchases 5,730 Shares of Fidelity NASDAQ Composite Index ETF $ONEQ

Prasad Wealth Partners LLC raised its position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 2.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 253,916 shares of the company’s stock after acquiring an additional 5,730 shares during the period. Fidelity NASDAQ Composite Index ETF makes up about 5.9% of Prasad Wealth Partners LLC’s holdings, making the stock its largest position. Prasad Wealth Partners LLC owned 0.25% of Fidelity NASDAQ Composite Index ETF worth $21,560,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 72.6% during the fourth quarter. Brighton Jones LLC now owns 5,117 shares of the company’s stock worth $389,000 after purchasing an additional 2,153 shares during the period. AQR Capital Management LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF in the 1st quarter valued at $475,000. Integrated Wealth Concepts LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,072 shares of the company’s stock valued at $345,000 after purchasing an additional 525 shares in the last quarter. Jane Street Group LLC bought a new stake in Fidelity NASDAQ Composite Index ETF during the 1st quarter valued at $3,330,000. Finally, Marshall Wace LLP acquired a new position in Fidelity NASDAQ Composite Index ETF during the second quarter worth $335,000.

Fidelity NASDAQ Composite Index ETF Trading Down 0.9%

Fidelity NASDAQ Composite Index ETF stock opened at $101.66 on Friday. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21. The firm’s fifty day moving average price is $102.24 and its two-hundred day moving average price is $94.48. Fidelity NASDAQ Composite Index ETF has a 1-year low of $79.89 and a 1-year high of $107.07.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were issued a $0.143 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11.

Fidelity NASDAQ Composite Index ETF Company 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.