Cornerstone Wealth Management LLC Reduces Position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Cornerstone Wealth Management LLC cut its holdings in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 61,155 shares of the company’s stock after selling 1,892 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Fidelity NASDAQ Composite Index ETF were worth $4,651,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF in the 3rd quarter valued at about $57,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Fidelity NASDAQ Composite Index ETF by 72.4% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 931 shares of the company’s stock worth $67,000 after buying an additional 391 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth approximately $76,000. Darwin Wealth Management LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF in the 3rd quarter valued at approximately $78,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF in the 3rd quarter valued at approximately $107,000.

Fidelity NASDAQ Composite Index ETF Trading Up 0.2 %

Shares of ONEQ stock opened at $78.99 on Friday. The business’s 50 day moving average is $76.81 and its two-hundred day moving average is $72.72. Fidelity NASDAQ Composite Index ETF has a twelve month low of $59.71 and a twelve month high of $79.75. The company has a market capitalization of $7.88 billion, a P/E ratio of 33.60 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were paid a $0.168 dividend. The ex-dividend date was Friday, December 20th. This is an increase 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 0.85%.

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.