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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)’s share price hit 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 trading hands. The stock had previously closed at $78.69.

Fidelity NASDAQ Composite Index ETF Stock Up 0.4 %

The company has a market cap of $7.60 billion, a P/E ratio of 33.60 and a beta of 1.13. The business has a fifty day moving average of $74.53 and a 200 day moving average of $71.17.

Fidelity NASDAQ Composite Index ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors 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 annualized dividend and a yield of 0.57%.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONEQ. Northwest Investment Counselors LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF in the third quarter worth $57,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Fidelity NASDAQ Composite Index ETF by 72.4% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 931 shares of the company’s stock worth $67,000 after purchasing an additional 391 shares during the period. International Assets Investment Management LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF in the second quarter worth $69,000. Darwin Wealth Management LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF in the third quarter worth $78,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF in the third quarter worth $107,000.

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.