Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Large Volume Increase – Should You Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw strong trading volume on Monday . 330,387 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 292,034 shares.The stock last traded at $66.88 and had previously closed at $68.17.

Fidelity NASDAQ Composite Index ETF Price Performance

The company has a market capitalization of $6.72 billion, a P/E ratio of 28.97 and a beta of 1.13. The firm’s 50-day moving average is $74.50 and its 200-day moving average is $74.51.

Fidelity NASDAQ Composite Index ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 21st were given a dividend of $0.091 per share. The ex-dividend date was Friday, March 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its stake in Fidelity NASDAQ Composite Index ETF by 11.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,251,973 shares of the company’s stock worth $95,225,000 after acquiring an additional 127,152 shares during the period. LPL Financial LLC boosted its holdings in Fidelity NASDAQ Composite Index ETF by 40.0% in the 4th quarter. LPL Financial LLC now owns 1,079,347 shares of the company’s stock worth $82,095,000 after buying an additional 308,242 shares during the period. FMR LLC raised its holdings in Fidelity NASDAQ Composite Index ETF by 12.7% during the third quarter. FMR LLC now owns 912,041 shares of the company’s stock valued at $65,302,000 after acquiring an additional 102,970 shares during the period. Bank of America Corp DE boosted its stake in shares of Fidelity NASDAQ Composite Index ETF by 6.3% in the fourth quarter. Bank of America Corp DE now owns 580,170 shares of the company’s stock worth $44,128,000 after acquiring an additional 34,324 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of Fidelity NASDAQ Composite Index ETF by 18.4% during the fourth quarter. Kestra Advisory Services LLC now owns 490,594 shares of the company’s stock worth $37,315,000 after purchasing an additional 76,211 shares in 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.