Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Unusually-High Trading Volume

Shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw strong trading volume on Friday . 149,679 shares changed hands during trading, a decline of 42% from the previous session’s volume of 260,162 shares.The stock last traded at $61.17 and had previously closed at $61.51.

Fidelity NASDAQ Composite Index ETF Trading Down 2.2 %

The business has a 50-day moving average of $63.33 and a 200 day moving average of $58.97. The firm has a market capitalization of $5.70 billion, a PE ratio of 32.93 and a beta of 1.13.

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 issued a $0.112 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.45 annualized dividend and a dividend yield of 0.74%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sowell Financial Services LLC lifted its position in shares of Fidelity NASDAQ Composite Index ETF by 381.7% during the 4th quarter. Sowell Financial Services LLC now owns 123,304 shares of the company’s stock worth $7,307,000 after buying an additional 97,705 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Fidelity NASDAQ Composite Index ETF by 15.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 22,787 shares of the company’s stock worth $1,350,000 after purchasing an additional 2,995 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in Fidelity NASDAQ Composite Index ETF by 91.5% in the 4th quarter. Tradewinds Capital Management LLC now owns 3,756 shares of the company’s stock valued at $223,000 after purchasing an additional 1,795 shares during the period. AdvisorNet Financial Inc bought a new position in Fidelity NASDAQ Composite Index ETF in the 4th quarter valued at $324,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter valued at $243,000.

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.