Fidelity Clean Energy ETF (BATS:FRNW) Stock Price Down 0.3%

Shares of Fidelity Clean Energy ETF (BATS:FRNW) fell 0.3% during mid-day trading on Friday . The stock traded as low as $13.75 and last traded at $13.80. 10,414 shares changed hands during trading, The stock had previously closed at $13.85.

Fidelity Clean Energy ETF Price Performance

The firm has a 50 day simple moving average of $14.65 and a 200-day simple moving average of $15.10. The company has a market cap of $18.63 million, a price-to-earnings ratio of 14.15 and a beta of 1.09.

Institutional Investors Weigh In On Fidelity Clean Energy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its stake in Fidelity Clean Energy ETF by 198.4% during the first quarter. UBS Group AG now owns 1,268 shares of the company’s stock worth $28,000 after acquiring an additional 843 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Fidelity Clean Energy ETF by 200.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,000 shares of the company’s stock valued at $52,000 after buying an additional 2,000 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Fidelity Clean Energy ETF in the fourth quarter valued at $107,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Fidelity Clean Energy ETF by 6.5% in the third quarter. Commonwealth Equity Services LLC now owns 34,787 shares of the company’s stock valued at $553,000 after buying an additional 2,108 shares in the last quarter.

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.