355,038 Shares in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Purchased by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC acquired a new position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) in the 4th quarter, Holdings Channel reports. The firm acquired 355,038 shares of the company’s stock, valued at approximately $27,004,000. Fidelity NASDAQ Composite Index ETF makes up 8.7% of Prasad Wealth Partners LLC’s holdings, making the stock its biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cedar Point Capital Partners LLC lifted its holdings in Fidelity NASDAQ Composite Index ETF by 0.3% in the fourth quarter. Cedar Point Capital Partners LLC now owns 43,173 shares of the company’s stock worth $3,284,000 after buying an additional 134 shares during the period. Baker Avenue Asset Management LP lifted its holdings in Fidelity NASDAQ Composite Index ETF by 6.1% in the third quarter. Baker Avenue Asset Management LP now owns 3,777 shares of the company’s stock worth $270,000 after buying an additional 217 shares during the period. Larson Financial Group LLC lifted its holdings in Fidelity NASDAQ Composite Index ETF by 18.8% in the third quarter. Larson Financial Group LLC now owns 1,513 shares of the company’s stock worth $108,000 after buying an additional 239 shares during the period. Beaumont Financial Advisors LLC lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 3.8% during the fourth quarter. Beaumont Financial Advisors LLC now owns 8,123 shares of the company’s stock valued at $618,000 after purchasing an additional 300 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 3.3% during the third quarter. SteelPeak Wealth LLC now owns 9,799 shares of the company’s stock valued at $702,000 after purchasing an additional 314 shares during the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Performance

ONEQ stock opened at $75.93 on Tuesday. The firm has a 50 day moving average price of $77.38 and a 200-day moving average price of $74.10. Fidelity NASDAQ Composite Index ETF has a 52-week low of $59.98 and a 52-week high of $79.75. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 33.15 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Increases Dividend

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

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.