Fidelity Covington Trust Etf Profile

FEAC Etf  USD 25.23  0.19  0.76%   

Performance

0 of 100

 
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Odds Of Distress

Less than 9

 
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Low
Fidelity Covington is trading at 25.23 as of the 25th of December 2024, a 0.76 percent up since the beginning of the trading day. The etf's open price was 25.04. Fidelity Covington has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 25th of November 2024 and ending today, the 25th of December 2024. Click here to learn more.
Flying Eagle Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Los Angeles, California. The company has 69 M outstanding shares of which 2.38 M shares are currently shorted by private and institutional investors with about 1.17 trading days to cover. More on Fidelity Covington Trust

Moving together with Fidelity Etf

  0.67VTI Vanguard Total StockPairCorr
  0.65SPY SPDR SP 500PairCorr
  0.66IVV iShares Core SPPairCorr
  0.66VV Vanguard Large CapPairCorr
  0.61RSP Invesco SP 500PairCorr

Fidelity Etf Highlights

Thematic Ideas
(View all Themes)
Business ConcentrationStrategy ETFs, Broad Equity ETFs, Large Blend, Shell Companies, Financial Services (View all Sectors)
IssuerFidelity
Inception Date2024-11-19
Entity TypeRegulated Investment Company
Asset TypeEquity
CategoryBroad Equity
FocusStrategy
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorFidelity Management & Research Company LLC
AdvisorFidelity Management & Research Company LLC
CustodianBrown Brothers Harriman & Co.
DistributorFidelity Distributors Company LLC
Portfolio ManagerSatyajit Chandrashekar, Anna Lester, George Liu, Shashi Naik
Transfer AgentBrown Brothers Harriman & Co.
Fiscal Year End30-Jun
ExchangeNYSE Arca, Inc.
Number of Constituents359
Total Expense0.18
Management Fee0.18
200 Day M A25.6831
Country NameUSA
50 Day M A25.6831
CodeFEAC
Updated At24th of December 2024
NameFidelity Covington Trust
Currency NameUS Dollar
Currency CodeUSD
Open FigiBBG01QWJQM25
TypeETF
Fidelity Covington Trust [FEAC] is traded in USA and was established null. The fund is listed under Large Blend. The entity is thematically classified as Strategy ETFs. Fidelity Covington Trust currently have in assets under management (AUM).
Check Fidelity Covington Probability Of Bankruptcy

Geographic Allocation (%)

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Fidelity Covington Trust Risk Profiles

The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity Covington. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.

Fidelity Covington Against Markets

When determining whether Fidelity Covington Trust is a strong investment it is important to analyze Fidelity Covington's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fidelity Covington's future performance. For an informed investment choice regarding Fidelity Etf, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Covington Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of Fidelity Covington Trust is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity Covington's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Covington's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity Covington's market value can be influenced by many factors that don't directly affect Fidelity Covington's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity Covington's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Covington is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Covington's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.