Fidelity Clean Energy ETF (BATS:FRNW) Trading Up 22.5% – Should You Buy?

Shares of Fidelity Clean Energy ETF (BATS:FRNW) shot up 22.5% on Thursday . The stock traded as high as $17.3190 and last traded at $20.78. 10,150 shares traded hands during trading, an increase of 29% from the average session volume of 7,847 shares. The stock had previously closed at $16.9650.

Fidelity Clean Energy ETF Stock Up 22.5%

The firm has a 50 day moving average of $20.29 and a two-hundred day moving average of $17.41. The firm has a market capitalization of $34.29 million, a price-to-earnings ratio of 21.58 and a beta of 1.12.

Institutional Investors Weigh In On Fidelity Clean Energy ETF

An institutional investor recently bought a new position in Fidelity Clean Energy ETF stock. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Fidelity Clean Energy ETF (BATS:FRNW) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,812 shares of the company’s stock, valued at approximately $36,000. Ritter Daniher Financial Advisory LLC DE owned approximately 0.16% of Fidelity Clean Energy ETF at the end of the most recent reporting period.

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.