Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Reaches New 52-Week High – Here’s Why

Shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $105.22 and last traded at $105.16, with a volume of 116031 shares. The stock had previously closed at $103.76.

Fidelity NASDAQ Composite Index ETF Stock Performance

The firm has a market capitalization of $10.67 billion, a P/E ratio of 28.20 and a beta of 1.21. The business has a fifty day moving average of $94.04 and a 200-day moving average of $92.12.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were issued a $0.111 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, March 20th.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Coastline Complete Wealth LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF in the first quarter worth approximately $8,602,000. Western Wealth Management LLC lifted its position in Fidelity NASDAQ Composite Index ETF by 8.6% in the first quarter. Western Wealth Management LLC now owns 3,040 shares of the company’s stock worth $258,000 after purchasing an additional 240 shares during the period. Arkadios Wealth Advisors lifted its position in Fidelity NASDAQ Composite Index ETF by 144.5% in the first quarter. Arkadios Wealth Advisors now owns 26,760 shares of the company’s stock worth $2,272,000 after purchasing an additional 15,816 shares during the period. Empowered Funds LLC lifted its position in Fidelity NASDAQ Composite Index ETF by 33.0% in the first quarter. Empowered Funds LLC now owns 6,943 shares of the company’s stock worth $590,000 after purchasing an additional 1,721 shares during the period. Finally, Gateway Wealth Partners LLC lifted its position in Fidelity NASDAQ Composite Index ETF by 131.0% in the first quarter. Gateway Wealth Partners LLC now owns 96,266 shares of the company’s stock worth $8,174,000 after purchasing an additional 54,591 shares during the period.

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.