Fidelity Clean Energy ETF (BATS:FRNW) Trading Up 3.5% – Here’s What Happened

Fidelity Clean Energy ETF (BATS:FRNW) shares were up 3.5% during trading on Wednesday . The company traded as high as $24.60 and last traded at $24.47. Approximately 140,290 shares traded hands during trading, an increase of 72% from the average daily volume of 81,680 shares. The stock had previously closed at $23.65.

Fidelity Clean Energy ETF Stock Performance

The business’s 50-day moving average price is $23.11 and its 200 day moving average price is $21.88. The stock has a market capitalization of $40.94 million, a PE ratio of 21.58 and a beta of 1.12.

Institutional Trading of Fidelity Clean Energy ETF

A hedge fund recently raised its stake in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. lifted its holdings in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 2,145.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,677 shares of the company’s stock after purchasing an additional 9,246 shares during the quarter. Sunbelt Securities Inc. owned 0.59% of Fidelity Clean Energy ETF worth $188,000 at the end of the most recent quarter.

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.