Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Large Volume Increase – Here’s What Happened

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw unusually-high trading volume on Monday . Approximately 338,007 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 380,331 shares.The stock last traded at $104.48 and had previously closed at $102.04.

Fidelity NASDAQ Composite Index ETF Price Performance

The stock has a 50 day simple moving average of $99.11 and a 200-day simple moving average of $93.48. The firm has a market cap of $10.68 billion, a PE ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ONEQ. Flagship Harbor Advisors LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the fourth quarter valued at $26,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 57.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Clearstead Advisors LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 442.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $35,000 after purchasing an additional 310 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the fourth quarter valued at $37,000.

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.