Independent Wealth Network Inc. Acquires New Stake in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Independent Wealth Network Inc. acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,161 shares of the company’s stock, valued at approximately $1,762,000.

Other hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF during the third quarter valued at $57,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Fidelity NASDAQ Composite Index ETF by 72.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 931 shares of the company’s stock valued at $67,000 after acquiring an additional 391 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in Fidelity NASDAQ Composite Index ETF during the fourth quarter valued at $76,000. Darwin Wealth Management LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF during the third quarter valued at $78,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF during the third quarter valued at $107,000.

Fidelity NASDAQ Composite Index ETF Stock Up 1.2 %

Shares of ONEQ opened at $78.80 on Thursday. The business has a 50-day simple moving average of $76.75 and a two-hundred day simple moving average of $72.68. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 33.60 and a beta of 1.13. Fidelity NASDAQ Composite Index ETF has a 52 week low of $59.71 and a 52 week high of $79.75.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Friday, December 20th were given a $0.168 dividend. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, December 20th. This represents a $0.67 dividend on an annualized basis and a 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.