Traynor Capital Management Inc. Takes Position in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Traynor Capital Management Inc. purchased a new stake in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,635 shares of the company’s stock, valued at approximately $234,000.

Other large investors also recently modified their holdings of the company. Sowell Financial Services LLC lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 381.7% in the 4th quarter. Sowell Financial Services LLC now owns 123,304 shares of the company’s stock valued at $7,307,000 after acquiring an additional 97,705 shares during the last quarter. Certified Advisory Corp bought a new position in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth $314,000. Stratos Wealth Partners LTD. raised its position in Fidelity NASDAQ Composite Index ETF by 15.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 22,787 shares of the company’s stock worth $1,350,000 after purchasing an additional 2,995 shares during the last quarter. Tradewinds Capital Management LLC raised its position in Fidelity NASDAQ Composite Index ETF by 91.5% during the 4th quarter. Tradewinds Capital Management LLC now owns 3,756 shares of the company’s stock worth $223,000 after purchasing an additional 1,795 shares during the last quarter. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in Fidelity NASDAQ Composite Index ETF by 2,060.5% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 354,382 shares of the company’s stock worth $20,994,000 after purchasing an additional 337,979 shares during the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Down 1.0 %

Shares of NASDAQ:ONEQ opened at $68.96 on Tuesday. The firm has a market cap of $6.55 billion, a P/E ratio of 33.60 and a beta of 1.13. Fidelity NASDAQ Composite Index ETF has a 12-month low of $49.41 and a 12-month high of $70.81. The business has a fifty day simple moving average of $65.60 and a 200 day simple moving average of $62.94.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Friday, June 21st will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, June 21st.

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.