KM Capital Management Ltd. Sells 6,857 Shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

KM Capital Management Ltd. cut its holdings in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 12.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,250 shares of the company’s stock after selling 6,857 shares during the period. Fidelity NASDAQ Composite Index ETF accounts for 1.7% of KM Capital Management Ltd.’s holdings, making the stock its 16th biggest holding. KM Capital Management Ltd.’s holdings in Fidelity NASDAQ Composite Index ETF were worth $3,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Fidelity NASDAQ Composite Index ETF by 310.9% in the fourth quarter. JPMorgan Chase & Co. now owns 470,444 shares of the company’s stock valued at $35,782,000 after acquiring an additional 355,951 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 40.0% during the fourth quarter. LPL Financial LLC now owns 1,079,347 shares of the company’s stock worth $82,095,000 after buying an additional 308,242 shares during the period. GeoWealth Management LLC lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 33,835.2% during the fourth quarter. GeoWealth Management LLC now owns 302,363 shares of the company’s stock worth $22,998,000 after buying an additional 301,472 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF during the fourth quarter worth $18,258,000. Finally, GAMMA Investing LLC lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 6,706.5% during the first quarter. GAMMA Investing LLC now owns 158,660 shares of the company’s stock worth $10,800,000 after buying an additional 156,329 shares during the period.

Fidelity NASDAQ Composite Index ETF Trading Up 0.2%

NASDAQ:ONEQ opened at $81.57 on Thursday. The firm has a fifty day simple moving average of $77.20 and a 200-day simple moving average of $73.93. Fidelity NASDAQ Composite Index ETF has a 12 month low of $58.12 and a 12 month high of $81.99. The company has a market capitalization of $8.22 billion, a P/E ratio of 28.20 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Friday, June 20th were issued a $0.118 dividend. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, June 20th. This represents a $0.47 dividend on an annualized basis and a yield of 0.58%.

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.