Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Position Cut by Avondale Wealth Management

Avondale Wealth Management lowered its position in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 9.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,963 shares of the company’s stock after selling 1,392 shares during the period. Fidelity NASDAQ Composite Index ETF accounts for 0.7% of Avondale Wealth Management’s portfolio, making the stock its 22nd biggest holding. Avondale Wealth Management’s holdings in Fidelity NASDAQ Composite Index ETF were worth $1,062,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ONEQ. JPMorgan Chase & Co. raised its stake in Fidelity NASDAQ Composite Index ETF by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 114,493 shares of the company’s stock valued at $8,198,000 after acquiring an additional 13,171 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Fidelity NASDAQ Composite Index ETF by 6.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 13,333 shares of the company’s stock valued at $953,000 after purchasing an additional 799 shares in the last quarter. Brass Tax Wealth Management Inc. bought a new stake in shares of Fidelity NASDAQ Composite Index ETF during the third quarter valued at about $366,000. Synovus Financial Corp lifted its holdings in Fidelity NASDAQ Composite Index ETF by 108.1% in the third quarter. Synovus Financial Corp now owns 8,325 shares of the company’s stock worth $596,000 after purchasing an additional 4,325 shares during the period. Finally, Sanctuary Advisors LLC grew its position in Fidelity NASDAQ Composite Index ETF by 77.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 11,702 shares of the company’s stock valued at $877,000 after buying an additional 5,090 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Performance

Shares of ONEQ stock traded down $1.03 during midday trading on Friday, reaching $75.67. 142,348 shares of the company were exchanged, compared to its average volume of 318,195. The company’s 50 day moving average price is $76.43 and its two-hundred day moving average price is $72.33. The company has a market cap of $7.51 billion, a P/E ratio of 33.60 and a beta of 1.13. Fidelity NASDAQ Composite Index ETF has a 12 month low of $57.95 and a 12 month high of $79.75.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were issued a dividend of $0.168 per share. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.67 annualized dividend and a yield of 0.89%.

Fidelity NASDAQ Composite Index ETF 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.