Fidelity Clean Energy ETF (BATS:FRNW) Stock Price Up 3.8% – What’s Next?

Shares of Fidelity Clean Energy ETF (BATS:FRNW) shot up 3.8% during trading on Tuesday . The company traded as high as $23.11 and last traded at $23.11. 45,427 shares were traded during trading, a decline of 3% from the average session volume of 46,949 shares. The stock had previously closed at $22.27.

Fidelity Clean Energy ETF Price Performance

The firm’s 50 day moving average price is $22.80 and its 200-day moving average price is $21.40. The firm has a market cap of $37.93 million, a price-to-earnings ratio of 21.58 and a beta of 1.12.

Institutional Trading of Fidelity Clean Energy ETF

A hedge fund recently raised its stake in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. lifted its position in Fidelity Clean Energy ETF (BATS:FRNW) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,581 shares of the company’s stock after purchasing an additional 1,904 shares during the quarter. Sunbelt Securities Inc. owned 0.70% of Fidelity Clean Energy ETF worth $235,000 at the end of the most recent reporting period.

Fidelity Clean Energy ETF Company Profile

The Fidelity Clean Energy ETF (FRNW) is an exchange-traded fund that is based on the Fidelity Clean Energy index, a market-cap-weighted index of global clean energy companies screened for environmental, social, and governance factors. FRNW was launched on Oct 5, 2021 and is managed by Fidelity.