Fidelity Clean Energy ETF (BATS:FRNW) Stock Price Down 2.5% – Here’s What Happened

Fidelity Clean Energy ETF (BATS:FRNW) dropped 2.5% on Thursday . The stock traded as low as $22.47 and last traded at $22.55. Approximately 57,524 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 48,463 shares. The stock had previously closed at $23.12.

Fidelity Clean Energy ETF Trading Down 2.5%

The business’s fifty day simple moving average is $21.48 and its 200 day simple moving average is $20.11. The stock has a market cap of $37.21 million, a price-to-earnings ratio of 21.58 and a beta of 1.12.

Institutional Investors Weigh In On Fidelity Clean Energy ETF

An institutional investor recently bought a new position in Fidelity Clean Energy ETF stock. Menora Mivtachim Holdings LTD. bought a new stake in Fidelity Clean Energy ETF (BATS:FRNW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,815 shares of the company’s stock, valued at approximately $169,000. Menora Mivtachim Holdings LTD. owned 0.66% of Fidelity Clean Energy ETF at the end of the most recent 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.