Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw an uptick in trading volume on Monday . 330,387 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 292,034 shares.The stock last traded at $66.88 and had previously closed at $68.17.

Fidelity NASDAQ Composite Index ETF Stock Up 0.8 %

The company’s 50-day moving average is $74.12 and its two-hundred day moving average is $74.49. The company has a market cap of $6.85 billion, a P/E ratio of 28.97 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were paid a dividend of $0.091 per share. The ex-dividend date was Friday, March 21st.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Several institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 12.7% during the 3rd quarter. FMR LLC now owns 912,041 shares of the company’s stock valued at $65,302,000 after buying an additional 102,970 shares in the last quarter. Brookstone Capital Management grew its holdings in Fidelity NASDAQ Composite Index ETF by 74.2% during the 4th quarter. Brookstone Capital Management now owns 6,040 shares of the company’s stock valued at $459,000 after buying an additional 2,573 shares in the last quarter. Fifth Third Bancorp bought a new stake in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth approximately $38,000. Janney Montgomery Scott LLC boosted its stake in Fidelity NASDAQ Composite Index ETF by 16.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,287 shares of the company’s stock valued at $478,000 after buying an additional 905 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 128.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,556 shares of the company’s stock valued at $955,000 after acquiring an additional 7,064 shares in the last quarter.

About Fidelity NASDAQ Composite Index ETF

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.