Kovack Advisors Inc. Has $2 Million Stock Position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Kovack Advisors Inc. decreased its holdings in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 2.3% in the 4th quarter, HoldingsChannel reports. The firm owned 33,712 shares of the company’s stock after selling 808 shares during the period. Kovack Advisors Inc.’s holdings in Fidelity NASDAQ Composite Index ETF were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Simplicity Solutions LLC acquired a new position in shares of Fidelity NASDAQ Composite Index ETF in the third quarter valued at about $213,000. MCF Advisors LLC acquired a new position in shares of Fidelity NASDAQ Composite Index ETF in the third quarter valued at approximately $94,000. Raymond James & Associates grew its stake in shares of Fidelity NASDAQ Composite Index ETF by 1.9% in the third quarter. Raymond James & Associates now owns 29,324 shares of the company’s stock worth $1,525,000 after purchasing an additional 548 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 24.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 54,957 shares of the company’s stock worth $2,857,000 after acquiring an additional 10,753 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Fidelity NASDAQ Composite Index ETF by 3.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 19,792 shares of the company’s stock valued at $1,029,000 after purchasing an additional 657 shares during the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Performance

Shares of ONEQ stock traded up $1.30 during mid-day trading on Friday, hitting $62.79. The company’s stock had a trading volume of 282,956 shares, compared to its average volume of 266,465. The company has a market cap of $5.96 billion, a PE ratio of 32.93 and a beta of 1.13. Fidelity NASDAQ Composite Index ETF has a 52 week low of $46.81 and a 52 week high of $65.09. The company’s fifty day simple moving average is $63.26 and its 200-day simple moving average is $59.25.

Fidelity NASDAQ Composite Index ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 18th were given a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, March 15th.

Fidelity NASDAQ Composite Index ETF Company Profile

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.