Cambridge Investment Research Advisors Expands Position in Fidelity Nasdaq Composite ETF

Financial Advisors

May 11, 2023 – Focus and precision to detail are the fundamental traits needed to successfully navigate the complexities of the investment world. One company that demonstrates these qualities is Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors, which recently filed Form 13F with the Securities and Exchange Commission, revealed that positions in the Fidelity Nasdaq Composite Index ETF (NASDAQ:ONEQ) increased 5.4% in the fourth quarter. The institutional investor owned a total of 134,457 shares in the company after purchasing an additional 6,918 shares during the quarter.

Cambridge Investment Research Advisors embodies the qualities of a successful investment firm with a keen intuition for risk management and capital allocation strategies. Maintaining our reputation as one of the leading investment firms in today’s complex and evolving financial environment requires extensive research, analysis and a deep understanding of trending markets.

Regarding the Fidelity Nasdaq Composite Index ETF – ONEQ-, the ETF tracks a broad index of Nasdaq-listed companies and provides investors with over 1,000 shares across diverse industry sectors including technology, healthcare, finance, consumer goods/services and industrials. It offers exposure to more than 10 different stocks. more. Cambridge owned ONEQ shares worth about $5.509 million as of December 2022, according to sources.

The institution’s decision to increase its holdings has eroded early investor confidence in this particular asset class, largely due to increased demand for technology-based services, at a time of widespread technological disruption across all industry sectors caused by the pandemic. It reflects. S&P Global recently said how tech stocks are strong against whatever comes next. Near-term volatility makes it more attractive to traders and investors alike.

Indeed, the challenges are imminent as we move forward into a future filled with economic uncertainty and rapid technological progress. But insightful investors like Cambridge Investments continue to demonstrate unwavering resilience, proving their impeccable ability not only to protect against market risk, but also to successfully grow the value of their assets.

Institutional Investors Show Strong Interest in Fidelity Nasdaq Composite Index ETF (ONEQ), Significant Growth in Holdings

In recent investment news, many institutional investors changed their holdings in the Fidelity Nasdaq Composite Index ETF (ONEQ). One prominent investor, Raymond James & Associates, increased its stake in ETFs by 36.2% in the first quarter. The move increased their ownership to his 33,976 shares worth $1,888,000.

PNC Financial Services Group Inc. also increased its stake in ONEQ by a staggering 100% during the quarter, bringing its total holdings to 6,000 shares worth $334,000. Meanwhile, Baird Financial Group increased its stake by 135.4% to a total of 23,416 shares worth $1.301 million.

UBS Group AG also expressed interest in the Fidelity Nasdaq Composite Index ETF during this period, increasing its stake by 30% and purchasing an additional 29,042 shares, giving it an ownership stake of 125,819 shares valued at $6,991,000. ).

Finally, Captrust Financial Advisors completed these important investments with a significant 52.6% increase in its holdings. Their ownership increased to his 3,163 shares, worth $176,000.

It’s important to note that ONEQ opened at $48.27 on Thursday with a current market cap of $4.41 billion, a PER of 23.29 and a beta of 1.13. Despite this impressive performance in the market and collective interest from institutional investors, those considering investing in ONEQ should carefully review other fund filings and insider trading before making a decision. We recommend that you consider it.

To follow more on these investments and ONEQ’s performance, follow to stay up to date on all relevant developments in the world of finance and investing.

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