Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw an uptick in trading volume on Wednesday . 255,271 shares were traded during mid-day trading, a decline of 30% from the previous session’s volume of 363,274 shares.The stock last traded at $69.57 and had previously closed at $68.69.

Fidelity NASDAQ Composite Index ETF Stock Up 1.3 %

The stock’s 50-day moving average price is $76.19 and its 200-day moving average price is $74.37. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 29.43 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Friday, December 20th were given a $0.168 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.97%. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, December 20th.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in Fidelity NASDAQ Composite Index ETF in the fourth quarter worth about $25,000. TD Waterhouse Canada Inc. bought a new position in shares of Fidelity NASDAQ Composite Index ETF in the 4th quarter valued at about $30,000. Fifth Third Bancorp acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter worth approximately $38,000. Red Tortoise LLC bought a new stake in shares of Fidelity NASDAQ Composite Index ETF during the fourth quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. acquired a new position in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at approximately $51,000.

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.