Fidelity Clean Energy ETF (BATS:FRNW) Trading Up 3% – Here’s What Happened

Fidelity Clean Energy ETF (BATS:FRNW) shares rose 3% during mid-day trading on Wednesday . The company traded as high as $13.67 and last traded at $13.87. Approximately 2,429 shares traded hands during trading, a decline of 68% from the average daily volume of 7,585 shares. The stock had previously closed at $13.47.

Fidelity Clean Energy ETF Stock Up 3.0 %

The stock has a market cap of $24.97 million, a price-to-earnings ratio of 17.60 and a beta of 1.12. The business has a 50-day moving average of $13.44 and a 200-day moving average of $14.24.

Institutional Trading of Fidelity Clean Energy ETF

A number of institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in Fidelity Clean Energy ETF during the fourth quarter valued at $954,000. Commonwealth Equity Services LLC lifted its position in shares of Fidelity Clean Energy ETF by 6.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 44,754 shares of the company’s stock worth $602,000 after buying an additional 2,674 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Fidelity Clean Energy ETF by 97.5% in the fourth quarter. Jane Street Group LLC now owns 33,568 shares of the company’s stock worth $452,000 after purchasing an additional 16,572 shares during the period. Virtu Financial LLC bought a new position in shares of Fidelity Clean Energy ETF in the fourth quarter worth about $176,000. Finally, Menora Mivtachim Holdings LTD. bought a new position in shares of Fidelity Clean Energy ETF in the fourth quarter worth about $138,000.

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.