Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sets New 1-Year High – What’s Next?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $78.43 and last traded at $78.31, with a volume of 44829 shares changing hands. The stock had previously closed at $77.90.

Fidelity NASDAQ Composite Index ETF Stock Up 0.1 %

The firm has a market cap of $7.50 billion, a PE ratio of 33.60 and a beta of 1.13. The company has a 50-day simple moving average of $73.92 and a two-hundred day simple moving average of $70.84.

Fidelity NASDAQ Composite Index ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 20th were issued a dividend of $0.113 per share. This represents a $0.45 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, September 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ONEQ. Raymond James & Associates lifted its position in Fidelity NASDAQ Composite Index ETF by 0.5% in the 2nd quarter. Raymond James & Associates now owns 30,087 shares of the company’s stock worth $2,104,000 after buying an additional 144 shares during the last quarter. Paragon Capital Management Inc. lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 1.5% in the 3rd quarter. Paragon Capital Management Inc. now owns 10,935 shares of the company’s stock valued at $783,000 after acquiring an additional 159 shares during the last quarter. Baker Avenue Asset Management LP grew its position in Fidelity NASDAQ Composite Index ETF by 6.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,777 shares of the company’s stock worth $270,000 after acquiring an additional 217 shares during the last quarter. Larson Financial Group LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 18.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,513 shares of the company’s stock worth $108,000 after purchasing an additional 239 shares during the period. Finally, SteelPeak Wealth LLC boosted its stake in shares of Fidelity NASDAQ Composite Index ETF by 3.3% during the third quarter. SteelPeak Wealth LLC now owns 9,799 shares of the company’s stock valued at $702,000 after purchasing an additional 314 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.