FELV Stock Summary and Trading Ideas (Fidelity Covington Trust Fidelity Enhanced Large Cap Value ETF | ARCA:FELV)

Normally investing at least 80% of assets in common stocks included in the Russell 1000 Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the Russell 1000 Value Index.

Fidelity Covington Trust Fidelity Enhanced Large Cap Value ETF trades on the ARCA stock market under the symbol FELV.

As of March 4, 2025, FELV stock price declined to $30.88 with 647,016 million shares trading.

FELV has a beta of 0.73, meaning it tends to be less sensitive to market movements. FELV has a correlation of 0.57 to the broad based SPY ETF.

FELV has a market cap of $2.19 billion. This is considered a Mid Cap stock.

FELV has underperformed the market in the last year with a return of +11.9%, while the SPY ETF gained +13.9%. In the last 3 month period, FELV fell short of the market, returning -4.6%, while SPY returned -4.2%. However, in the most recent 2 weeks FELV has outperformed the stock market by returning -3.3%, while SPY returned -5.4%.

FELV support price is $31.25 and resistance is $31.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FELV shares will trade within this expected range on the day.