Fidelity Clean Energy ETF (BATS:FRNW) Trading Up 2.9%

Shares of Fidelity Clean Energy ETF (BATS:FRNW) shot up 2.9% during mid-day trading on Friday . The stock traded as high as $15.29 and last traded at $15.29. 8,358 shares traded hands during mid-day trading, The stock had previously closed at $14.86.

Fidelity Clean Energy ETF Stock Up 2.9 %

The company has a fifty day moving average price of $15.00 and a 200-day moving average price of $15.02. The stock has a market capitalization of $26.75 million, a P/E ratio of 11.30 and a beta of 1.39.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FRNW. Commonwealth Equity Services LLC lifted its holdings in Fidelity Clean Energy ETF by 22.1% during the first quarter. Commonwealth Equity Services LLC now owns 46,532 shares of the company’s stock worth $695,000 after buying an additional 8,426 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Fidelity Clean Energy ETF by 200.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,000 shares of the company’s stock valued at $52,000 after purchasing an additional 2,000 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Fidelity Clean Energy ETF in the fourth quarter valued at $107,000.

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.