Silicon Valley Capital Partners Has $9.83 Million Holdings in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ)

Silicon Valley Capital Partners cut its holdings in shares of Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 129,275 shares of the company’s stock after selling 2,949 shares during the period. Fidelity NASDAQ Composite Index ETF makes up 1.1% of Silicon Valley Capital Partners’ holdings, making the stock its 27th largest holding. Silicon Valley Capital Partners’ holdings in Fidelity NASDAQ Composite Index ETF were worth $9,833,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ONEQ. Newbridge Financial Services Group Inc. bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the fourth quarter worth approximately $25,000. Fifth Third Bancorp bought a new position in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at approximately $38,000. Red Tortoise LLC bought a new position in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at approximately $41,000. Geneos Wealth Management Inc. bought a new position in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at approximately $51,000. Finally, Northwest Investment Counselors LLC bought a new position in Fidelity NASDAQ Composite Index ETF in the third quarter valued at approximately $57,000.

Fidelity NASDAQ Composite Index ETF Price Performance

Shares of NASDAQ:ONEQ opened at $76.90 on Monday. The company’s 50 day simple moving average is $77.40 and its 200 day simple moving average is $73.19. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 33.60 and a beta of 1.13. Fidelity NASDAQ Composite Index ETF has a 1 year low of $59.98 and a 1 year high of $79.75.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were paid a $0.168 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.87%. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, December 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.