Prasad Wealth Partners LLC Takes $27 Million Position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Prasad Wealth Partners LLC bought a new stake in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 355,038 shares of the company’s stock, valued at approximately $27,004,000. Fidelity NASDAQ Composite Index ETF makes up approximately 8.7% of Prasad Wealth Partners LLC’s portfolio, making the stock its largest position. Prasad Wealth Partners LLC owned about 0.36% of Fidelity NASDAQ Composite Index ETF at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC grew its holdings in Fidelity NASDAQ Composite Index ETF by 7,059.0% during the third quarter. International Assets Investment Management LLC now owns 70,731 shares of the company’s stock valued at $50,640,000 after purchasing an additional 69,743 shares during the period. Allworth Financial LP grew its holdings in Fidelity NASDAQ Composite Index ETF by 2,389.5% during the third quarter. Allworth Financial LP now owns 6,647 shares of the company’s stock valued at $476,000 after purchasing an additional 6,380 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Fidelity NASDAQ Composite Index ETF by 45.0% during the third quarter. J.W. Cole Advisors Inc. now owns 25,018 shares of the company’s stock valued at $1,791,000 after purchasing an additional 7,760 shares during the period. Inscription Capital LLC grew its holdings in Fidelity NASDAQ Composite Index ETF by 108.0% during the third quarter. Inscription Capital LLC now owns 10,982 shares of the company’s stock valued at $786,000 after purchasing an additional 5,701 shares during the period. Finally, TCP Asset Management LLC grew its holdings in Fidelity NASDAQ Composite Index ETF by 5.4% during the third quarter. TCP Asset Management LLC now owns 285,860 shares of the company’s stock valued at $20,468,000 after purchasing an additional 14,570 shares during the period.

Fidelity NASDAQ Composite Index ETF Trading Down 1.2 %

Shares of NASDAQ ONEQ opened at $75.93 on Tuesday. The stock has a fifty day simple moving average of $77.38 and a two-hundred day simple moving average of $74.10. Fidelity NASDAQ Composite Index ETF has a 1-year low of $59.98 and a 1-year high of $79.75. The firm has a market cap 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Friday, December 20th were given a dividend of $0.168 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.67 annualized dividend and a dividend yield of 0.89%. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11.

Fidelity NASDAQ Composite Index ETF 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.