Fidelity Clean Energy ETF (BATS:FRNW) Trading 1.8% Higher – Here’s Why

Shares of Fidelity Clean Energy ETF (BATS:FRNW) traded up 1.8% on Tuesday . The company traded as high as $15.52 and last traded at $15.52. 2,705 shares changed hands during trading, The stock had previously closed at $15.24.

Fidelity Clean Energy ETF Stock Performance

The business has a fifty day moving average of $15.24 and a two-hundred day moving average of $15.23. The firm has a market capitalization of $27.16 million, a price-to-earnings ratio of 11.30 and a beta of 1.39.

Institutional Trading of Fidelity Clean Energy ETF

An institutional investor recently raised its position in Fidelity Clean Energy ETF stock. Commonwealth Equity Services LLC grew its stake in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 22.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 46,532 shares of the company’s stock after acquiring an additional 8,426 shares during the quarter. Commonwealth Equity Services LLC owned about 2.66% of Fidelity Clean Energy ETF worth $695,000 as of its most recent SEC filing.

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.