Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Hits New 52-Week High – Should You Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $78.43 and last traded at $78.31, with a volume of 44829 shares changing hands. The stock had previously closed at $77.90.

Fidelity NASDAQ Composite Index ETF Trading Up 0.1 %

The company’s fifty day simple moving average is $73.92 and its 200 day simple moving average is $70.84. The firm has a market capitalization of $7.50 billion, a P/E ratio of 33.60 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Announces Dividend

The company 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 was Friday, September 20th. This represents a $0.45 annualized dividend and a yield of 0.58%.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Large investors have recently made changes to their positions in the business. Cetera Advisors LLC bought a new stake in Fidelity NASDAQ Composite Index ETF in the first quarter worth $616,000. Hubbell Strickland Wealth Management LLC lifted its position in Fidelity NASDAQ Composite Index ETF by 2.0% in the 2nd quarter. Hubbell Strickland Wealth Management LLC now owns 30,010 shares of the company’s stock valued at $2,099,000 after acquiring an additional 585 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Fidelity NASDAQ Composite Index ETF by 4.0% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 63,366 shares of the company’s stock valued at $4,431,000 after purchasing an additional 2,429 shares during the last quarter. Taylor & Morgan Wealth Management LLC bought a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter worth $215,000. Finally, TCP Asset Management LLC raised its stake in shares of Fidelity NASDAQ Composite Index ETF by 2.4% in the second quarter. TCP Asset Management LLC now owns 271,290 shares of the company’s stock worth $18,971,000 after purchasing an additional 6,366 shares during 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.