Royal Bank of Canada Sells 71,479 Shares of Fidelity NASDAQ Composite Index ETF $ONEQ

Royal Bank of Canada reduced its stake in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 32.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 145,571 shares of the company’s stock after selling 71,479 shares during the quarter. Royal Bank of Canada’s holdings in Fidelity NASDAQ Composite Index ETF were worth $12,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of ONEQ. Empowered Funds LLC grew its position in Fidelity NASDAQ Composite Index ETF by 33.0% in the 1st quarter. Empowered Funds LLC now owns 6,943 shares of the company’s stock worth $590,000 after purchasing an additional 1,721 shares during the last quarter. Gateway Wealth Partners LLC raised its holdings in Fidelity NASDAQ Composite Index ETF by 131.0% in the 1st quarter. Gateway Wealth Partners LLC now owns 96,266 shares of the company’s stock valued at $8,174,000 after acquiring an additional 54,591 shares in the last quarter. RMG Wealth Management LLC acquired a new position in Fidelity NASDAQ Composite Index ETF in the 1st quarter valued at approximately $76,000. Lido Advisors LLC lifted its position in shares of Fidelity NASDAQ Composite Index ETF by 45.3% in the 1st quarter. Lido Advisors LLC now owns 48,317 shares of the company’s stock worth $4,103,000 after acquiring an additional 15,069 shares during the period. Finally, B&D White Capital Company LLC lifted its position in shares of Fidelity NASDAQ Composite Index ETF by 0.4% in the 1st quarter. B&D White Capital Company LLC now owns 53,508 shares of the company’s stock worth $4,543,000 after acquiring an additional 190 shares during the period.

Fidelity NASDAQ Composite Index ETF Trading Up 1.2%

Shares of NASDAQ:ONEQ opened at $105.10 on Friday. The firm has a market capitalization of $10.91 billion, a PE ratio of 28.20 and a beta of 1.22. Fidelity NASDAQ Composite Index ETF has a 1-year low of $81.45 and a 1-year high of $107.07. The business’s 50 day moving average is $102.05 and its 200-day moving average is $96.18.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were issued a dividend of $0.143 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change 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. The Fund uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the index that have a similar investment profile to the entire the Index.