Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Reaches New 52-Week High – Should You Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) shares reached a new 52-week high during trading on Monday . The stock traded as high as $76.50 and last traded at $76.45, with a volume of 55212 shares trading hands. The stock had previously closed at $75.82.

Fidelity NASDAQ Composite Index ETF Stock Up 0.8 %

The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 33.60 and a beta of 1.13. The stock has a fifty day moving average price of $73.18 and a two-hundred day moving average price of $70.36.

Fidelity NASDAQ Composite Index ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 20th were given a dividend of $0.113 per share. This represents a $0.45 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, September 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Synovus Financial Corp increased its position in Fidelity NASDAQ Composite Index ETF by 108.1% in the 3rd quarter. Synovus Financial Corp now owns 8,325 shares of the company’s stock valued at $596,000 after acquiring an additional 4,325 shares during the period. Sanctuary Advisors LLC raised its holdings in Fidelity NASDAQ Composite Index ETF by 77.0% during the third quarter. Sanctuary Advisors LLC now owns 11,702 shares of the company’s stock valued at $877,000 after buying an additional 5,090 shares in the last quarter. MML Investors Services LLC raised its holdings in Fidelity NASDAQ Composite Index ETF by 25.5% during the third quarter. MML Investors Services LLC now owns 28,946 shares of the company’s stock valued at $2,073,000 after buying an additional 5,879 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Fidelity NASDAQ Composite Index ETF by 218.1% in the third quarter. Orion Portfolio Solutions LLC now owns 23,778 shares of the company’s stock worth $1,702,000 after purchasing an additional 16,302 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Fidelity NASDAQ Composite Index ETF by 4.9% in the third quarter. Stifel Financial Corp now owns 56,967 shares of the company’s stock worth $4,079,000 after purchasing an additional 2,654 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.