Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Shares Break Below 200-Day Moving Average – Here’s What Happened

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $98.74 and traded as low as $95.66. Fidelity NASDAQ Composite Index ETF shares last traded at $95.81, with a volume of 1,109,197 shares.

Fidelity NASDAQ Composite Index ETF Price Performance

The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 25.90 and a beta of 1.23. The business has a 50-day moving average of $104.27 and a 200-day moving average of $98.77.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were given a dividend of $0.1120 per share. This represents a $0.45 annualized dividend and a yield of 0.5%. This is a decrease from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.1430. The ex-dividend date of this dividend was Friday, September 18th.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

A number of hedge funds have recently made changes to their positions in ONEQ. Corient Private Wealth LP boosted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 1.0% during the 2nd quarter. Corient Private Wealth LP now owns 11,912 shares of the company’s stock worth $1,230,000 after buying an additional 116 shares during the period. Accredited Investors Inc. increased its stake in Fidelity NASDAQ Composite Index ETF by 2.9% in the first quarter. Accredited Investors Inc. now owns 4,550 shares of the company’s stock valued at $386,000 after acquiring an additional 130 shares during the last quarter. First Heartland Consultants Inc. raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 6.0% during the 3rd quarter. First Heartland Consultants Inc. now owns 2,609 shares of the company’s stock worth $276,000 after buying an additional 148 shares in the last quarter. Assetmark Inc. raised its stake in Fidelity NASDAQ Composite Index ETF by 27.7% during the first quarter. Assetmark Inc. now owns 803 shares of the company’s stock worth $68,000 after acquiring an additional 174 shares in the last quarter. Finally, Seamount Financial Group Inc. lifted its stake in Fidelity NASDAQ Composite Index ETF by 4.2% in the 3rd quarter. Seamount Financial Group Inc. now owns 4,524 shares of the company’s stock valued at $479,000 after purchasing an additional 181 shares during 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.