(FELV) Fidelity Covington Trust - Overview
ETF Category: Large Value | Exchange: NYSE ARCA (USA) | Market Cap: 3.020m USD | Total Return: 28.2% in 12m
Avg Turnover: 4.37M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
FELV is an exchange-traded fund that primarily invests in large-cap U.S. equities. The fund maintains a mandate to allocate at least 80% of its assets to common stocks within the Russell 1000 Value Index, utilizing a market capitalization-weighted strategy to track the performance of established value-oriented companies.
The investment advisor employs a research-driven methodology to select securities based on fundamental drivers such as valuation, earnings growth, and quality metrics. The large-cap value sector typically includes mature companies in industries like financials, healthcare, and industrials that trade at lower price-to-earnings ratios relative to the broader market. These firms often prioritize capital preservation and dividend distributions over aggressive expansion.
Investors can further evaluate these fundamental metrics by reviewing the detailed analytics available on ValueRay. This systematic approach aims to capture long-term returns by identifying undervalued assets with sustainable business models.
- Performance of large-cap value stocks relative to growth sectors
- Russell 1000 Value Index constituent earnings and dividend growth
- Federal Reserve interest rate policy impact on financial and industrial valuations
- Management execution of research-driven factor selection for alpha generation
- Inflows to low-cost passive and factor-based exchange traded funds
As of May 26, 2026, the stock is trading at USD 38.95 with a total of 91,300 shares traded.
Over the past week, the price has changed by +1.80%,
over one month by +4.70%,
over three months by +6.36% and
over the past year by +28.24%.
Fidelity Covington Trust has no consensus analysts rating.