Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sets 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 Wednesday . The company traded as high as $88.24 and last traded at $88.00, with a volume of 182297 shares. The stock had previously closed at $88.00.

Fidelity NASDAQ Composite Index ETF Price Performance

The business has a 50-day moving average price of $83.96 and a 200-day moving average price of $76.15. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 28.20 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Friday, June 20th were issued a dividend of $0.118 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, June 20th.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Several hedge funds have recently added to or reduced their stakes in ONEQ. Brighton Jones LLC boosted its holdings in Fidelity NASDAQ Composite Index ETF by 72.6% in the fourth quarter. Brighton Jones LLC now owns 5,117 shares of the company’s stock valued at $389,000 after purchasing an additional 2,153 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Fidelity NASDAQ Composite Index ETF by 40.7% in the fourth quarter. Two Sigma Investments LP now owns 457,000 shares of the company’s stock valued at $34,759,000 after purchasing an additional 132,100 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Fidelity NASDAQ Composite Index ETF by 12.1% in the fourth quarter. Sunbelt Securities Inc. now owns 82,713 shares of the company’s stock valued at $6,345,000 after purchasing an additional 8,937 shares during the last quarter. Wealth Management Strategies Inc. purchased a new stake in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at $255,000. Finally, American Trust purchased a new stake in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at $399,000.

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.