Fidelity Clean Energy ETF (BATS:FRNW) Stock Price Down 5.8% – Should You Sell?

Fidelity Clean Energy ETF (BATS:FRNW) fell 5.8% during trading on Friday . The stock traded as low as $25.30 and last traded at $25.50. 69,967 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 82,774 shares. The stock had previously closed at $27.06.

Fidelity Clean Energy ETF Stock Down 5.8%

The firm has a 50 day moving average price of $25.10 and a 200 day moving average price of $22.90. The stock has a market cap of $42.08 million, a P/E ratio of 21.58 and a beta of 1.12.

Institutional Trading of Fidelity Clean Energy ETF

An institutional investor recently raised its position in Fidelity Clean Energy ETF stock. Sunbelt Securities Inc. boosted its holdings in shares of Fidelity Clean Energy ETF (BATS:FRNW) by 2,145.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,677 shares of the company’s stock after purchasing an additional 9,246 shares during the quarter. Sunbelt Securities Inc. owned about 0.59% of Fidelity Clean Energy ETF worth $188,000 at the end of the most recent quarter.

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.