Fidelity Clean Energy ETF (BATS:FRNW) Trading 0.3% Higher – Here’s Why

Fidelity Clean Energy ETF (BATS:FRNW) shares traded up 0.3% during trading on Thursday . The company traded as high as $26.54 and last traded at $26.51. 242,625 shares were traded during trading, an increase of 197% from the average session volume of 81,817 shares. The stock had previously closed at $26.42.

Fidelity Clean Energy ETF Stock Performance

The stock has a market capitalization of $43.23 million, a P/E ratio of 21.58 and a beta of 1.12. The stock has a 50 day moving average of $23.84 and a 200 day moving average of $22.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. increased its stake in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 2,145.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,677 shares of the company’s stock after buying an additional 9,246 shares during the quarter. Sunbelt Securities Inc. owned about 0.59% of Fidelity Clean Energy ETF worth $188,000 at the end of the most recent 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.