Fidelity Covington Trust Fidelity Enhanced Large Cap Core ETFFidelity Covington Trust Fidelity Enhanced Large Cap Core ETFFidelity Covington Trust Fidelity Enhanced Large Cap Core ETF

Fidelity Covington Trust Fidelity Enhanced Large Cap Core ETF

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Key stats


Assets under management (AUM)
‪4.00 B‬USD
Fund flows (1Y)
‪1.49 B‬USD
Dividend yield (indicated)
0.99%
Discount/Premium to NAV
0.8%

About Fidelity Covington Trust Fidelity Enhanced Large Cap Core ETF


Issuer
FMR LLC
Brand
Fidelity
Expense ratio
0.18%
Inception date
Nov 20, 2023
Index tracked
No Underlying Index
Management style
Active
FELC strives for growth of capital by primarily focusing on stocks included in the S&P 500. The S&P 500 is a market cap-weighted index composed of the 500 largest US companies based on market size. The investment decisions for FELC are guided by a computer-aided quantitative system, taking into account factors such as a firms past growth, worth and profitability. The objective is to potentially yield a total return higher than that of the S&P 500 index. While FELCs investments are centered around US stocks, it is also open to stocks from issuers overseas. Furthermore, the fund may participate in securities lending as a way to generate additional income. It should be noted that FELC converted from a mutual fund to an actively managed ETF, with $1.84 billion in assets.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Technology Services
Finance
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.