Fidelity Clean Energy ETF (BATS:FRNW) Trading 3% Higher – Still a Buy?

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

Fidelity Clean Energy ETF Stock Up 0.6 %

The company has a market capitalization of $24.37 million, a price-to-earnings ratio of 19.03 and a beta of 1.12. The business has a fifty day simple moving average of $13.44 and a two-hundred day simple moving average of $14.24.

Institutional Trading of Fidelity Clean Energy ETF

Several institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Clean Energy ETF by 6.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 44,754 shares of the company’s stock valued at $602,000 after acquiring an additional 2,674 shares during the period. Menora Mivtachim Holdings LTD. bought a new position in Fidelity Clean Energy ETF during the 4th quarter valued at about $138,000. Virtu Financial LLC acquired a new position in Fidelity Clean Energy ETF in the fourth quarter valued at about $176,000. Jane Street Group LLC grew its stake in Fidelity Clean Energy ETF by 97.5% during the fourth quarter. Jane Street Group LLC now owns 33,568 shares of the company’s stock worth $452,000 after buying an additional 16,572 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Fidelity Clean Energy ETF during the fourth quarter worth approximately $954,000.

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.