Fidelity Clean Energy ETF (BATS:FRNW) Trading Up 3% – Here’s What Happened

Fidelity Clean Energy ETF (BATS:FRNW)’s share price shot up 3% on Wednesday . The company traded as high as $13.67 and last traded at $13.87. 2,429 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 7,585 shares. The stock had previously closed at $13.47.

Fidelity Clean Energy ETF Price Performance

The stock has a market capitalization of $24.97 million, a PE ratio of 17.60 and a beta of 1.12. The stock has a 50 day moving average of $13.44 and a two-hundred day moving average of $14.24.

Institutional Trading of Fidelity Clean Energy ETF

Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC purchased a new stake in Fidelity Clean Energy ETF during the fourth quarter worth $954,000. Commonwealth Equity Services LLC grew 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 valued at $602,000 after buying an additional 2,674 shares in the last quarter. Jane Street Group LLC grew 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 valued at $452,000 after buying an additional 16,572 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Fidelity Clean Energy ETF in the fourth quarter valued at about $176,000. Finally, Menora Mivtachim Holdings LTD. purchased a new position in Fidelity Clean Energy ETF in the fourth quarter valued at about $138,000.

About Fidelity Clean Energy ETF

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.