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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)’s share price reached a new 52-week high on Friday . The company traded as high as $73.65 and last traded at $73.53, with a volume of 64481 shares. The stock had previously closed at $72.50.

Fidelity NASDAQ Composite Index ETF Trading Up 0.7 %

The firm’s 50-day moving average price is $70.52 and its 200-day moving average price is $68.28. The stock has a market capitalization of $7.02 billion, a PE ratio of 33.60 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.45 dividend on an annualized basis and a yield of 0.62%.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ONEQ. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Fidelity NASDAQ Composite Index ETF during the second quarter worth $38,000. Northwest Investment Counselors LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the 3rd quarter worth about $57,000. International Assets Investment Management LLC bought a new position in Fidelity NASDAQ Composite Index ETF during the 2nd quarter valued at about $69,000. GAMMA Investing LLC raised its position in Fidelity NASDAQ Composite Index ETF by 62.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,331 shares of the company’s stock worth $163,000 after purchasing an additional 900 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF in the 3rd quarter worth about $185,000.

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.