Fidelity Clean Energy ETF (BATS:FRNW) Trading 23.4% Higher – Should You Buy?

Fidelity Clean Energy ETF (BATS:FRNW)’s stock price traded up 23.4% during trading on Tuesday . The stock traded as high as $13.67 and last traded at $16.62. 2,429 shares were traded during trading, a decline of 69% from the average session volume of 7,802 shares. The stock had previously closed at $13.47.

Fidelity Clean Energy ETF Stock Up 23.4%

The firm’s 50-day moving average price is $15.22 and its 200 day moving average price is $13.94. The company has a market capitalization of $27.42 million, a P/E ratio of 21.58 and a beta of 1.12.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Fidelity Clean Energy ETF in the first quarter worth approximately $36,000. Menora Mivtachim Holdings LTD. bought a new position in shares of Fidelity Clean Energy ETF in the fourth quarter worth approximately $138,000. Virtu Financial LLC bought a new position in shares of Fidelity Clean Energy ETF in the fourth quarter worth approximately $176,000. Jane Street Group LLC lifted its stake in shares of Fidelity Clean Energy ETF by 97.5% in the fourth quarter. Jane Street Group LLC now owns 33,568 shares of the company’s stock worth $452,000 after buying an additional 16,572 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Fidelity Clean Energy ETF by 6.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 44,754 shares of the company’s stock worth $602,000 after buying an additional 2,674 shares in the last quarter.

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.