Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Hits New 1-Year High – Still a Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) reached a new 52-week high during trading on Monday . The company traded as high as $79.44 and last traded at $79.44, with a volume of 473 shares. The stock had previously closed at $78.69.

Fidelity NASDAQ Composite Index ETF Price Performance

The stock has a market capitalization of $7.60 billion, a PE ratio of 33.60 and a beta of 1.13. The business has a 50 day moving average price of $74.53 and a 200 day moving average price of $71.17.

Fidelity NASDAQ Composite Index ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 20th were paid a $0.113 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.57%.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Several institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 6.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 13,333 shares of the company’s stock valued at $953,000 after buying an additional 799 shares during the last quarter. Brass Tax Wealth Management Inc. purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF during the third quarter valued at $366,000. Synovus Financial Corp boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 108.1% during the third quarter. Synovus Financial Corp now owns 8,325 shares of the company’s stock valued at $596,000 after buying an additional 4,325 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of 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 during the last quarter. Finally, MML Investors Services LLC boosted its position in shares of 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 during the last quarter.

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.