Fidelity Clean Energy ETF (BATS:FRNW) Stock Falls 1.2% – Here’s What Happened

Fidelity Clean Energy ETF (BATS:FRNW)’s share price traded down 1.2% during trading on Monday. The stock traded as low as $20.92 and last traded at $21.08. 56,082 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 75,964 shares. The stock had previously closed at $21.33.

Fidelity Clean Energy ETF Price Performance

The firm has a market capitalization of $34.69 million, a P/E ratio of 21.58 and a beta of 1.12. The firm has a 50-day moving average price of $22.14 and a two-hundred day moving average price of $23.63.

Institutional Investors Weigh In On Fidelity Clean Energy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brookstone Capital Management purchased a new position in Fidelity Clean Energy ETF during the 1st quarter worth $602,000. Citadel Advisors LLC bought a new position in shares of Fidelity Clean Energy ETF during the 2nd quarter worth $327,000. IFP Advisors Inc bought a new position in shares of Fidelity Clean Energy ETF during the 2nd quarter worth $62,000. Finally, Sunbelt Securities Inc. increased its stake in shares of Fidelity Clean Energy ETF by 3.5% during the first quarter. Sunbelt Securities Inc. now owns 11,992 shares of the company’s stock valued at $277,000 after buying an additional 411 shares during the 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.