Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF (FMIL)
Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $39.51, down 0.27% on the session, giving a market capitalisation of $438.2M. Its beta of 1.02 implies it has historically moved more than the broad market.
Typically, this fund concentrates its assets primarily in equity securities. Its investment approach focuses on discerning early indications of long-term marketplace transformations, aiming to identify companies poised to benefit from the resulting opportunities. This selection process involves a comprehensive examination of factors such as technological advancements, novel product development, economic strategies, demographic shifts, prevailing social attitudes, and other pertinent influences. Consequently, this methodology may lead to holdings in smaller and mid-sized companies. The fund invests in both U.S. and foreign issuers. It is structured as a non-diversified portfolio.
Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF is most often compared with the following Financial Services names: