Fidelity Clean Energy ETF (BATS:FRNW) Trading Up 21.4% – Time to Buy?

Fidelity Clean Energy ETF (BATS:FRNW)’s stock price shot up 21.4% during mid-day trading on Friday . The stock traded as high as $17.3190 and last traded at $20.5950. 10,150 shares changed 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 Price Performance

The stock has a market capitalization of $33.98 million, a P/E ratio of 21.58 and a beta of 1.12. The stock has a fifty day moving average price of $20.81 and a 200 day moving average price of $18.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fidelity Clean Energy ETF stock. Menora Mivtachim Holdings LTD. purchased a new position in Fidelity Clean Energy ETF (BATS:FRNW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,815 shares of the company’s stock, valued at approximately $169,000. Menora Mivtachim Holdings LTD. owned approximately 0.66% of Fidelity Clean Energy ETF 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.