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AI Summary - About
Fidelity Covington Trust (FESM)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
02/20/2025: FESM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -5.3% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 02/20/2025 |
Key Highlights
Volume (30-day avg) 778240 | Beta 1.11 | 52 Weeks Range 27.08 - 35.95 | Updated Date 02/21/2025 |
52 Weeks Range 27.08 - 35.95 | Updated Date 02/21/2025 |
AI Summary
ETF Fidelity Covington Trust Overview:
Profile:
Fidelity Covington Trust is not a publicly traded ETF. It appears to be a private trust managed by Fidelity Investments. Therefore, information about its investment focus, asset allocation, and strategy is not readily available.
Objective:
The specific investment objective of Fidelity Covington Trust is unknown due to its private nature.
Issuer:
The issuer of Fidelity Covington Trust is Fidelity Investments, a well-established and reputable financial services company with a long history of managing various investment products.
Market Share:
Due to the private nature of Fidelity Covington Trust, determining its market share is not possible.
Total Net Assets:
Information on the total net assets under management for Fidelity Covington Trust is unavailable.
Moat:
Without details about the trust's investment strategy, identifying any unique competitive advantages is not feasible.
Financial Performance:
Historical financial performance data and benchmark comparisons are unavailable due to the private nature of the trust.
Growth Trajectory:
Predicting the future growth trajectory of Fidelity Covington Trust is not possible without knowledge of its investment strategy and performance.
Liquidity:
Information on average trading volume and bid-ask spread is not applicable as Fidelity Covington Trust is not publicly traded.
Market Dynamics:
Analyzing the market dynamics affecting Fidelity Covington Trust is not possible due to the lack of information about its investment focus and strategy.
Competitors:
Identifying competitors and their market share percentages is not applicable as the trust is not publicly traded.
Expense Ratio:
The expense ratio of Fidelity Covington Trust is not publicly available.
Investment Approach and Strategy:
Details about the investment strategy, composition of assets, and whether it tracks a specific index are unavailable.
Key Points:
- Fidelity Covington Trust is a private trust managed by Fidelity Investments.
- Specific details about its investment focus, objective, and strategy are not publicly available.
Risks:
Due to the lack of information about the trust's investment strategy and assets, identifying and assessing potential risks is not possible.
Who Should Consider Investing:
Given the limited information available, it is impossible to determine the ideal investor profile for Fidelity Covington Trust.
Fundamental Rating Based on AI:
Assigning a fundamental rating based on AI is not possible due to the lack of information needed for a comprehensive analysis.
Resources and Disclaimers:
- Information for this analysis was gathered from the following sources:
- Fidelity Investments website
- Financial news and investment research websites
- This analysis is for informational purposes only and should not be considered investment advice.
- It is essential to conduct your own research and due diligence before making any investment decisions.
Disclaimer:
Information provided for Fidelity Covington Trust is limited due to its private nature. Conducting proper research and due diligence is crucial before making any investment decisions. This analysis should not be considered investment advice.
About Fidelity Covington Trust
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will normally invest at least 80% of assets in common stocks included in the Russell 2000® Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. The adviser will generally utilizing a research-driven approach identifying long-term drivers of stock returns that may include,but are not limited to, valuation, growth, quality, and other factors.
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