Fidelity Clean Energy ETF (BATS:FRNW) Trading Up 1.8% – What’s Next?

Fidelity Clean Energy ETF (BATS:FRNW) shares rose 1.8% during trading on Tuesday . The stock traded as high as $15.52 and last traded at $15.52. Approximately 2,705 shares were traded during trading, The stock had previously closed at $15.24.

Fidelity Clean Energy ETF Stock Up 1.2 %

The company’s fifty day moving average price is $15.22 and its 200 day moving average price is $15.23. The company has a market capitalization of $25.32 million, a P/E ratio of 11.30 and a beta of 1.39.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fidelity Clean Energy ETF stock. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 22.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,532 shares of the company’s stock after purchasing an additional 8,426 shares during the quarter. Commonwealth Equity Services LLC owned 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.