Fidelity Clean Energy ETF (BATS:FRNW) Trading Up 1.6% – What’s Next?

Shares of Fidelity Clean Energy ETF (BATS:FRNW) were up 1.6% during trading on Monday . The company traded as high as $22.21 and last traded at $22.18. Approximately 86,520 shares traded hands during trading, an increase of 72% from the average daily volume of 50,198 shares. The stock had previously closed at $21.82.

Fidelity Clean Energy ETF Stock Up 1.6%

The firm has a 50-day moving average price of $22.28 and a two-hundred day moving average price of $20.84. The company has a market capitalization of $36.60 million, a P/E ratio of 21.58 and a beta of 1.12.

Institutional Trading of Fidelity Clean Energy ETF

An institutional investor recently raised its position in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. lifted its position in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 19.7% during the 4th quarter, according to its most recent 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 approximately 0.70% of Fidelity Clean Energy ETF worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

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.