Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Reaches New 52-Week High – Time to Buy?

Shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $74.20 and last traded at $74.11, with a volume of 100829 shares trading hands. The stock had previously closed at $72.63.

Fidelity NASDAQ Composite Index ETF Trading Up 2.8 %

The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 33.60 and a beta of 1.13. The firm’s 50 day simple moving average is $70.86 and its 200-day simple moving average is $68.84.

Fidelity NASDAQ Composite Index ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 20th were issued a dividend of $0.113 per share. This represents a $0.45 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, September 20th.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its holdings in Fidelity NASDAQ Composite Index ETF by 3.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,282,903 shares of the company’s stock valued at $89,713,000 after purchasing an additional 47,031 shares during the period. LPL Financial LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 4.0% in the 2nd quarter. LPL Financial LLC now owns 764,461 shares of the company’s stock valued at $53,459,000 after buying an additional 29,103 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 13.3% in the 1st quarter. Kestra Advisory Services LLC now owns 437,343 shares of the company’s stock valued at $28,165,000 after buying an additional 51,290 shares in the last quarter. LJI Wealth Management LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 2.5% in the 2nd quarter. LJI Wealth Management LLC now owns 367,480 shares of the company’s stock valued at $25,698,000 after buying an additional 9,038 shares in the last quarter. Finally, Regal Investment Advisors LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 0.6% in the 2nd quarter. Regal Investment Advisors LLC now owns 357,693 shares of the company’s stock valued at $25,013,000 after buying an additional 2,127 shares in the last quarter.

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.