(FELG) Fidelity Covington Trust - Overview
ETF Category: Large Growth | Exchange: NYSE ARCA (USA) | Market Cap: 5.789m USD | Total Return: 30.1% in 12m
Avg Turnover: 15.6M
Warnings
No concerns identified
Tailwinds
Supp Ema8, Supp Ema20
Fidelity Covington Trust (FELG) is an exchange-traded fund that invests at least 80% of its assets in common stocks within the Russell 1000 Growth Index. This index tracks large-cap U.S. equities characterized by higher price-to-book ratios and forecasted growth values. The fund employs a research-driven strategy, selecting securities based on fundamental drivers such as valuation, quality, and earnings growth potential.
The large-cap growth sector typically includes dominant market leaders in technology, consumer discretionary, and healthcare industries. Because FELG is classified as a non-diversified fund, it can concentrate a larger percentage of its assets in a smaller number of individual issuers compared to diversified funds. You can analyze how these individual holdings align with your portfolio goals by using ValueRay.
- Mega-cap technology earnings growth dictates overall fund performance trends
- Russell 1000 Growth Index volatility directly impacts fundamental share valuation
- Federal Reserve interest rate policy shifts influence high-growth equity premiums
- Concentrated asset positioning increases sensitivity to individual blue-chip stock movements
- Domestic consumer spending levels drive revenue for large-cap growth constituents
As of June 02, 2026, the stock is trading at USD 45.48 with a total of 428,150 shares traded.
Over the past week, the price has changed by +2.94%,
over one month by +7.11%,
over three months by +14.92% and
over the past year by +30.08%.
Fidelity Covington Trust has no consensus analysts rating.