Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Hits New 52-Week High – Here’s What Happened

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $74.20 and last traded at $74.11, with a volume of 100829 shares. The stock had previously closed at $72.63.

Fidelity NASDAQ Composite Index ETF Price Performance

The company has a market capitalization of $7.31 billion, a PE ratio of 33.60 and a beta of 1.13. The company has a 50-day moving average of $70.97 and a two-hundred day moving average of $68.88.

Fidelity NASDAQ Composite Index ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 20th were given a dividend of $0.113 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.45 annualized dividend and a yield of 0.60%.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Fidelity NASDAQ Composite Index ETF in the second quarter valued at about $38,000. Northwest Investment Counselors LLC bought a new stake in Fidelity NASDAQ Composite Index ETF during the third quarter worth approximately $57,000. International Assets Investment Management LLC bought a new stake in Fidelity NASDAQ Composite Index ETF during the second quarter worth approximately $69,000. Ashton Thomas Securities LLC bought a new stake in Fidelity NASDAQ Composite Index ETF during the third quarter worth approximately $107,000. Finally, GAMMA Investing LLC grew its stake in shares of Fidelity NASDAQ Composite Index ETF by 62.9% during the second quarter. GAMMA Investing LLC now owns 2,331 shares of the company’s stock valued at $163,000 after buying an additional 900 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.