(FELV) Fidelity Covington Trust - NYSE
ETF Category: Large Value | Exchange: NYSE (USA) | Market Cap: 3.023m USD | Total Return: 27.9% in 12m
Avg Turnover: 4.20M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Fidelity Covington Trust (FELV) is an exchange-traded fund focused on the large-cap value segment of the United States equity market. The fund typically invests at least 80% of its assets in common stocks featured in the Russell 1000 Value Index. Its investment strategy employs a research-driven model that evaluates long-term performance drivers such as valuation, growth potential, and quality metrics.
Large-cap value funds generally target established companies with lower price-to-earnings ratios compared to the broader market. These firms often operate in mature sectors like financial services, healthcare, and industrials, frequently prioritizing dividend payments and capital preservation over aggressive expansion. You may find additional insights on these valuation metrics by exploring ValueRay.
- Russell 1000 Value Index performance dictates underlying asset valuation trends
- Federal Reserve interest rate policy shifts impact large-cap value sector rotations
- Expense ratio competitiveness influences net fund inflows and total return
- Corporate earnings growth across financial and industrial holdings drives NAV appreciation
As of June 09, 2026, the stock is trading at USD 39.17 with a total of 106,435 shares traded.
Over the past week, the price has changed by -0.20%,
over one month by +2.30%,
over three months by +10.07% and
over the past year by +27.89%.
Fidelity Covington Trust has no consensus analysts rating.