Fidelity Clean Energy ETF (BATS:FRNW) Stock Price Up 3.8% – Time to Buy?

Fidelity Clean Energy ETF (BATS:FRNW)’s share price was up 3.8% during trading on Tuesday . The company traded as high as $23.11 and last traded at $23.11. Approximately 45,427 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 46,949 shares. The stock had previously closed at $22.27.

Fidelity Clean Energy ETF Price Performance

The company has a market capitalization of $38.13 million, a price-to-earnings ratio of 21.58 and a beta of 1.12. The firm has a 50-day moving average price of $22.77 and a two-hundred day moving average price of $21.38.

Hedge Funds Weigh In On Fidelity Clean Energy ETF

A hedge fund recently raised its stake in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. raised its holdings in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 19.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,581 shares of the company’s stock after acquiring an additional 1,904 shares during the quarter. Sunbelt Securities Inc. owned approximately 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.