Fidelity Enhanced Large Cap Value ETF (FELV)
ARCA ARCA Primary Summary
FELV Chart
FELV: Not Flawless But Fit For Value, Quality Investors' Playbooks, A Hold
FELV is an actively managed ETF focused on inexpensive large-cap stocks. Since its conversion in November 2023, it has beaten a few value-centered peers with ease but trailed the S&P 500 ETF. With 359 equities and BRK.B as the key holding, its portfolio sports material quality exposure and 5.2% adjusted weighted-average earnings yield. Growth exposure is subpar, though.
Fidelity Enhanced Large Cap Value ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 32,305 | $1.13M | $1.33M | $198,667.3 | 17.62% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 25,423 | $799,211.36 | $1.04M | $243,640.1 | 30.49% |
 Winthrop Advisory Group Winthrop Advisory Group LLC | 6,035 | $209,173.1 | $248,340.25 | $39,167.15 | 18.72% |
| YA Yinka Akinsola Blue Trust Inc. | 192 | $6,699.58 | $7,874.88 | $1,175.3 | 17.54% |
 Maree Sgro BG Investment Services Inc. | 17,948 | $626,564.68 | $736,137.22 | $109,572.54 | 17.49% |
Fidelity Enhanced Large Cap Value ETF (FELV) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Fidelity Enhanced Large Cap Value ETF ever had a stock split?
Fidelity Enhanced Large Cap Value ETF Profile
| ARCA Exchange | US Country |
Overview
FELV is an actively managed Exchange-Traded Fund (ETF) aiming for capital growth by primarily investing in stocks listed in the Russell 1000 Value Index. This index is comprised of the 1000 largest U.S. companies demonstrating value characteristics—essentially, stocks that are considered undervalued based on their earnings, assets, or sales compared to the market at large. With an investment strategy powered by a sophisticated computer-aided quantitative system, FELV evaluates potential investments on a variety of metrics, including a firm's historical growth, value, and profitability. Originally a mutual fund, FELV has transitioned to an actively managed ETF, managing assets worth approximately $1.77 billion. Its goal is to outperform the total return of the Russell 1000 Value Index, making it an attractive option for investors looking for exposure to undervalued large-cap U.S. stocks as well as certain international equities. Furthermore, FELV enhances its income through securities lending, adding an extra layer to its investment strategy.
Products and Services
- Russell 1000 Value Index Investments
FELV primarily invests in stocks that are part of the Russell 1000 Value Index, which includes large-cap U.S. companies showing value characteristics. These are typically stocks with lower market valuations relative to their earnings, assets, or sales, which might be perceived as undervalued by investors. By focusing on these value stocks, FELV seeks to capitalize on the potential for growth as these companies gain valuation closer to their intrinsic worth.
- Quantitatively Driven Investment Strategy
The ETF utilizes a computer-aided quantitative system to guide its investment decisions. This approach analyzes various metrics, including past growth, value, and profitability of firms, to identify stocks that are likely to offer superior returns. This systematic investment process is designed to uncover undervalued stocks that may outperform the market, aligning with FELV's goal of exceeding the returns of the Russell 1000 Value Index.
- International Equity Investments
While FELV's investments are predominantly focused on U.S. stocks, it also considers opportunities in international equities. This allows for a more diversified portfolio that can tap into value-investment opportunities outside the U.S. The inclusion of international stocks provides investors with a broader exposure, mitigating risks associated with investing solely in the U.S. market and potentially enhancing returns through global value plays.
- Securities Lending
As part of its strategy to generate additional income, FELV engages in securities lending. This practice involves lending out stocks or other securities in its portfolio to traders or institutions, earning interest in the process. This can provide an additional stream of revenue for the fund, which, in turn, can potentially increase its total return for investors. Securities lending is a common practice among ETFs and mutual funds to enhance income with relatively low risk.
