Fidelity Clean Energy ETF (BATS:FRNW – Get Free Report) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $21.16 and traded as high as $21.47. Fidelity Clean Energy ETF shares last traded at $21.36, with a volume of 35,835 shares.
Fidelity Clean Energy ETF Stock Performance
The stock has a market capitalization of $35.24 million, a P/E ratio of 21.58 and a beta of 1.12. The business has a 50 day simple moving average of $21.16 and a 200-day simple moving average of $23.09.
Hedge Funds Weigh In On Fidelity Clean Energy ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRNW. Brookstone Capital Management grew its position in shares of Fidelity Clean Energy ETF by 31.7% in the 3rd quarter. Brookstone Capital Management now owns 45,654 shares of the company’s stock valued at $962,000 after purchasing an additional 10,984 shares during the period. Citadel Advisors LLC bought a new position in shares of Fidelity Clean Energy ETF in the second quarter worth about $327,000. Sunbelt Securities Inc. grew its holdings in Fidelity Clean Energy ETF by 3.5% during the 1st quarter. Sunbelt Securities Inc. now owns 11,992 shares of the company’s stock worth $277,000 after acquiring an additional 411 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity Clean Energy ETF during the 3rd quarter worth approximately $206,000. Finally, IFP Advisors Inc purchased a new position in shares of Fidelity Clean Energy ETF during the 2nd quarter worth $62,000.
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.
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