Kovack Advisors Inc. Cuts Stake in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Kovack Advisors Inc. lessened its stake in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,920 shares of the company’s stock after selling 200 shares during the quarter. Kovack Advisors Inc.’s holdings in Fidelity NASDAQ Composite Index ETF were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. AE Wealth Management LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 45.9% during the 2nd quarter. AE Wealth Management LLC now owns 270,419 shares of the company’s stock valued at $18,910,000 after purchasing an additional 85,105 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of Fidelity NASDAQ Composite Index ETF during the second quarter valued at approximately $253,000. CreativeOne Wealth LLC purchased a new position in Fidelity NASDAQ Composite Index ETF in the 1st quarter worth approximately $203,000. LPL Financial LLC lifted its position in Fidelity NASDAQ Composite Index ETF by 4.0% in the 2nd quarter. LPL Financial LLC now owns 764,461 shares of the company’s stock valued at $53,459,000 after acquiring an additional 29,103 shares in the last quarter. Finally, Thoroughbred Financial Services LLC boosted its stake in Fidelity NASDAQ Composite Index ETF by 18.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,392 shares of the company’s stock valued at $586,000 after purchasing an additional 1,279 shares during the last quarter.

Fidelity NASDAQ Composite Index ETF Price Performance

ONEQ stock opened at $73.63 on Friday. Fidelity NASDAQ Composite Index ETF has a 1-year low of $55.40 and a 1-year high of $76.37. The stock has a market capitalization of $7.08 billion, a P/E ratio of 33.60 and a beta of 1.13. The business has a fifty day moving average price of $71.84 and a 200-day moving average price of $69.42.

Fidelity NASDAQ Composite Index ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 20th were issued a dividend of $0.113 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, September 20th.

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.