Sovran Advisors LLC Makes New $770,000 Investment in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Sovran Advisors LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,258 shares of the company’s stock, valued at approximately $770,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF in the second quarter worth $462,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Fidelity NASDAQ Composite Index ETF by 72.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 931 shares of the company’s stock worth $67,000 after buying an additional 391 shares in the last quarter. Paragon Capital Management Inc. increased its holdings in Fidelity NASDAQ Composite Index ETF by 1.5% in the 3rd quarter. Paragon Capital Management Inc. now owns 10,935 shares of the company’s stock valued at $783,000 after buying an additional 159 shares during the period. Kowal Investment Group LLC acquired a new position in shares of Fidelity NASDAQ Composite Index ETF in the 3rd quarter valued at approximately $1,003,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 3rd quarter worth approximately $57,000.

Fidelity NASDAQ Composite Index ETF Price Performance

Shares of NASDAQ:ONEQ opened at $77.35 on Wednesday. Fidelity NASDAQ Composite Index ETF has a 1 year low of $59.98 and a 1 year high of $79.75. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 33.60 and a beta of 1.13. The company’s 50 day simple moving average is $77.42 and its 200 day simple moving average is $73.30.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Friday, December 20th were paid a $0.168 dividend. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, December 20th. This represents a $0.67 annualized dividend and a dividend yield of 0.87%.

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.