Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) Stock Price Up 2% – Should You Buy?

Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV)’s share price shot up 2% during trading on Monday. The company traded as high as $15.27 and last traded at $14.96. Approximately 5,536 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 8,390 shares. The stock had previously closed at $14.67.

Fidelity Electric Vehicles and Future Transportation ETF Price Performance

The company has a market capitalization of $28.92 million, a PE ratio of 21.91 and a beta of 1.36. The company has a 50-day moving average of $16.10 and a two-hundred day moving average of $17.61.

Institutional Trading of Fidelity Electric Vehicles and Future Transportation ETF

An institutional investor recently bought a new position in Fidelity Electric Vehicles and Future Transportation ETF stock. Root Financial Partners LLC acquired a new stake in shares of Fidelity Electric Vehicles and Future Transportation ETF (BATS:FDRV) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 2,402 shares of the company’s stock, valued at approximately $39,000. Root Financial Partners LLC owned approximately 0.13% of Fidelity Electric Vehicles and Future Transportation ETF as of its most recent SEC filing.

About Fidelity Electric Vehicles and Future Transportation ETF

The Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of companies that are involved in the production of electric and\u002For autonomous vehicles or other initiatives regarding the future of transportation. FDRV was launched on Oct 5, 2021 and is managed by Fidelity.