Concord Investment Counsel Inc. Purchases New Position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Concord Investment Counsel Inc. acquired a new position in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 5,963 shares of the company’s stock, valued at approximately $384,000.

Several other hedge funds also recently made changes to their positions in ONEQ. Advisory Services Network LLC grew its stake in Fidelity NASDAQ Composite Index ETF by 5.7% during the 1st quarter. Advisory Services Network LLC now owns 90,965 shares of the company’s stock worth $5,858,000 after buying an additional 4,902 shares during the last quarter. Lincoln National Corp increased its holdings in shares of Fidelity NASDAQ Composite Index ETF by 7.3% in the 1st quarter. Lincoln National Corp now owns 80,892 shares of the company’s stock valued at $5,209,000 after acquiring an additional 5,474 shares during the period. Mission Wealth Management LP increased its holdings in shares of Fidelity NASDAQ Composite Index ETF by 225.2% in the 1st quarter. Mission Wealth Management LP now owns 19,425 shares of the company’s stock valued at $1,251,000 after acquiring an additional 13,452 shares during the period. Hartline Investment Corp purchased a new stake in Fidelity NASDAQ Composite Index ETF in the 1st quarter valued at $226,000. Finally, Commonwealth Equity Services LLC boosted its stake in Fidelity NASDAQ Composite Index ETF by 13.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,235,872 shares of the company’s stock worth $79,590,000 after purchasing an additional 150,988 shares during the period.

Fidelity NASDAQ Composite Index ETF Stock Performance

NASDAQ ONEQ traded up $0.63 during trading on Friday, reaching $72.81. The company’s stock had a trading volume of 195,440 shares, compared to its average volume of 255,645. Fidelity NASDAQ Composite Index ETF has a twelve month low of $49.41 and a twelve month high of $73.58. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 33.60 and a beta of 1.13. The business’s fifty day moving average price is $68.09 and its 200-day moving average price is $64.06.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Friday, June 21st were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, June 21st.

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.