Kovack Advisors Inc. Sells 808 Shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Kovack Advisors Inc. reduced its position in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,712 shares of the company’s stock after selling 808 shares during the period. Kovack Advisors Inc.’s holdings in Fidelity NASDAQ Composite Index ETF were worth $1,997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ONEQ. Sowell Financial Services LLC lifted its stake in Fidelity NASDAQ Composite Index ETF by 381.7% in the fourth quarter. Sowell Financial Services LLC now owns 123,304 shares of the company’s stock valued at $7,307,000 after buying an additional 97,705 shares during the period. Stratos Wealth Partners LTD. boosted its stake 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 acquiring an additional 2,995 shares during the last quarter. Tradewinds Capital Management LLC grew its holdings in Fidelity NASDAQ Composite Index ETF by 91.5% during the fourth quarter. Tradewinds Capital Management LLC now owns 3,756 shares of the company’s stock valued at $223,000 after purchasing an additional 1,795 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at approximately $243,000. Finally, AdvisorNet Financial Inc acquired a new stake in Fidelity NASDAQ Composite Index ETF in the fourth quarter worth $324,000.

Fidelity NASDAQ Composite Index ETF Trading Up 2.1 %

Shares of ONEQ stock traded up $1.30 on Friday, hitting $62.79. The stock had a trading volume of 282,956 shares, compared to its average volume of 266,465. Fidelity NASDAQ Composite Index ETF has a twelve month low of $46.81 and a twelve month high of $65.09. The company has a fifty day moving average price of $63.26 and a two-hundred day moving average price of $59.25. The firm has a market cap of $5.96 billion, a P/E ratio of 32.93 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 18th were issued a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Friday, March 15th.

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.