Independent Advisor Alliance Buys New Stake in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Independent Advisor Alliance purchased a new position in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) during the 4th quarter, Holdings Channel.com reports. The fund purchased 9,567 shares of the company’s stock, valued at approximately $728,000.

Other institutional investors have also modified their holdings of the company. 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 valued at $3,284,000 after acquiring an additional 134 shares during the period. Larson Financial Group LLC increased its holdings in shares of Fidelity NASDAQ Composite Index ETF by 18.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,513 shares of the company’s stock valued at $108,000 after purchasing an additional 239 shares in the last quarter. Beaumont Financial Advisors LLC lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 3.8% in the 4th 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 period. Newbridge Financial Services Group Inc. acquired a new stake in Fidelity NASDAQ Composite Index ETF during the fourth quarter valued at $25,000. Finally, Mutual Advisors LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 7.6% in the fourth quarter. Mutual Advisors LLC now owns 4,829 shares of the company’s stock worth $368,000 after acquiring an additional 342 shares during the period.

Fidelity NASDAQ Composite Index ETF Trading Up 2.7 %

NASDAQ ONEQ opened at $69.95 on Monday. The stock has a 50-day moving average of $75.76 and a 200 day moving average of $74.35. Fidelity NASDAQ Composite Index ETF has a twelve month low of $59.98 and a twelve month high of $79.75. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 29.43 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Friday, December 20th were paid a $0.168 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.96%.

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.