Fidelity Clean Energy ETF (BATS:FRNW) Trading Down 1.7%

Fidelity Clean Energy ETF (BATS:FRNW) traded down 1.7% during trading on Thursday . The company traded as low as $14.94 and last traded at $14.98. 2,634 shares were traded during trading, The stock had previously closed at $15.25.

Fidelity Clean Energy ETF Stock Performance

The business’s fifty day simple moving average is $15.43 and its 200-day simple moving average is $15.02. The firm has a market capitalization of $25.86 million, a PE ratio of 11.30 and a beta of 1.39.

Institutional Investors Weigh In On Fidelity Clean Energy ETF

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in Fidelity Clean Energy ETF by 200.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,000 shares of the company’s stock worth $52,000 after buying an additional 2,000 shares during the period. International Assets Investment Management LLC purchased a new position in Fidelity Clean Energy ETF during the fourth quarter worth $107,000. Finally, Commonwealth Equity Services LLC boosted its stake in Fidelity Clean Energy ETF by 22.1% during the first quarter. Commonwealth Equity Services LLC now owns 46,532 shares of the company’s stock worth $695,000 after buying an additional 8,426 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.