Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Reaches New 12-Month High – Should You Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $103.56 and last traded at $103.35, with a volume of 103077 shares traded. The stock had previously closed at $103.30.

Fidelity NASDAQ Composite Index ETF Stock Up 0.2%

The business’s 50-day moving average price is $90.66 and its 200-day moving average price is $91.16. The firm has a market capitalization of $10.53 billion, a PE ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Institutional Trading of Fidelity NASDAQ Composite Index ETF

Hedge funds have recently made changes to their positions in the stock. AE Wealth Management LLC raised its position in Fidelity NASDAQ Composite Index ETF by 7.5% during the fourth quarter. AE Wealth Management LLC now owns 82,005 shares of the company’s stock valued at $7,495,000 after acquiring an additional 5,756 shares in the last quarter. RiverTree Advisors LLC bought a new position in Fidelity NASDAQ Composite Index ETF during the fourth quarter valued at approximately $1,476,000. HUB Investment Partners LLC raised its position in Fidelity NASDAQ Composite Index ETF by 101.4% during the third quarter. HUB Investment Partners LLC now owns 14,251 shares of the company’s stock valued at $1,270,000 after acquiring an additional 7,176 shares in the last quarter. Facet Wealth Inc. bought a new position in Fidelity NASDAQ Composite Index ETF during the third quarter valued at approximately $595,000. Finally, Brighton Jones LLC raised its position in 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 valued at $389,000 after acquiring an additional 2,153 shares in the last quarter.

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.