FELV - ETF AI Analysis

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Fidelity Enhanced Large Cap Value ETF (FELV)

Rating:72Outperform

Price Target:

$37.00

The Fidelity Enhanced Large Cap Value ETF (FELV) demonstrates solid performance, supported by strong contributions from holdings like Alphabet (GOOGL and GOOG), which benefit from robust financial performance, strategic investments in AI and cloud services, and positive earnings sentiment. Amazon also adds strength with its strong financials and bullish momentum, though its high valuation may limit appeal to value investors. However, weaker contributions from holdings like Berkshire Hathaway, which faces bearish momentum and lacks a dividend yield, slightly temper the overall rating. Investors should note the ETF's exposure to high-valuation stocks, which could pose risks in volatile market conditions.

Positive Factors

Strong Top Holdings

Several key positions, such as Alphabet and JPMorgan Chase, have delivered strong year-to-date performance, supporting the ETF's overall returns.

Broad Sector Diversification

The ETF is spread across 11 sectors, reducing the risk of being overly dependent on any single industry.

Low Expense Ratio

With a competitive expense ratio of 0.18%, this ETF allows investors to keep more of their returns compared to higher-cost funds.

Negative Factors

High U.S. Concentration

The ETF has over 97% exposure to U.S. companies, limiting diversification across global markets.

Underperforming Holding

Salesforce has shown negative year-to-date performance, which could drag on the fund's overall returns.

Sector Overweight in Financials

With over 20% of the portfolio in financials, the ETF is heavily exposed to potential risks in this sector.

FELV vs. SPDR S&P 500 ETF (SPY)

AUM2.42B

RegionNorth America

Expense Ratio0.18%

Beta0.76

IssuerFidelity

Inception DateNov 20, 2023

Dividend Yield1.74%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume123,615

30 Day Avg. Volume129,529

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

38.61

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering329

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

FELV Summary

The Fidelity Enhanced Large Cap Value ETF (FELV) is a fund that focuses on investing in large, established companies that are considered undervalued based on their financial metrics. It includes well-known names like Berkshire Hathaway and JPMorgan Chase, offering exposure to a mix of sectors such as financials, technology, and healthcare. Investors might consider FELV for its potential to provide steady growth and income through dividends, while benefiting from Fidelity's research expertise. However, since it primarily invests in large-cap value stocks, its performance can be affected by market conditions and may not grow as quickly as funds focused on high-growth companies.

How much will it cost me?The Fidelity Enhanced Large Cap Value ETF (FELV) has an expense ratio of 0.18%, which means you’ll pay $1.80 per year for every $1,000 invested. This is lower than average because it’s passively managed, focusing on large-cap value stocks with a disciplined strategy to keep costs down.

What would affect this ETF?The Fidelity Enhanced Large Cap Value ETF (FELV) could benefit from a stable U.S. economy and strong performance in sectors like financials and technology, which make up a significant portion of its holdings. However, rising interest rates or economic slowdowns may negatively impact its financial sector exposure, while regulatory changes or shifts in consumer behavior could affect top holdings like Amazon and Alphabet. Overall, the ETF’s focus on undervalued large-cap stocks provides potential for long-term growth but may face challenges during periods of market volatility.

FELV Top 10 Holdings

The Fidelity Enhanced Large Cap Value ETF (FELV) leans heavily into financials, with Berkshire Hathaway and JPMorgan Chase playing key roles. While Berkshire has been steady, JPMorgan’s recent dip is holding back the fund’s momentum. Alphabet’s Class A and C shares are rising stars, buoyed by strong growth in AI and cloud services, adding a tech-driven spark to the portfolio. On the flip side, Amazon’s mixed performance and Salesforce’s struggles are dragging the tech sector’s overall contribution. With a U.S.-centric focus, the fund balances value-oriented financials with growth-driven tech, creating a dynamic but uneven mix.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
BRK.B	Berkshire Hathaway B	3.68%	$89.20M	$1.09T	7.58%	66 Neutral
JPM	JPMorgan Chase	2.83%	$68.63M	$817.69B	24.35%	72 Outperform
AMZN	Amazon	2.41%	$58.34M	$2.49T	8.77%	76 Outperform
GOOGL	Alphabet Class A	2.01%	$48.59M	$3.44T	59.60%	80 Outperform
GOOG	Alphabet Class C	1.73%	$41.93M	$3.44T	58.68%	86 Outperform
XOM	Exxon Mobil	1.59%	$38.42M	$496.28B	-1.07%	75 Outperform
WMT	Walmart	1.36%	$33.04M	$820.80B	16.30%	75 Outperform
BAC	Bank of America	1.29%	$31.23M	$375.93B	12.11%	70 Outperform
MRK	Merck & Company	1.14%	$27.64M	$230.48B	-0.11%	78 Outperform
PG	Procter & Gamble	1.13%	$27.25M	$340.74B	-13.98%	74 Outperform

FELV Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

33.52

Negative

100DMA

32.87

Positive

200DMA

31.59

Positive

Market Momentum

MACD

<0.01

Positive

RSI

43.03

Neutral

STOCH

11.89

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FELV, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 33.72, equal to the 50-day MA of 33.52, and equal to the 200-day MA of 31.59, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.03 is Neutral, neither overbought nor oversold. The STOCH value of 11.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FELV.

FELV Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
FELV	―	―	$2.42B	0.18%	72 Outperform
AVLV	―	―	$8.36B	0.15%	73 Outperform
PVAL	―	―	$5.71B	0.56%	70 Outperform
JAVA	―	―	$4.48B	0.44%	71 Outperform
DFLV	―	―	$4.35B	0.22%	73 Outperform
DSTL	―	―	$1.78B	0.39%	71 Outperform

Performance Comparison

FELV

Fidelity Enhanced Large Cap Value ETF

33.25

1.58

4.99%

AVLV

Avantis U.S. Large Cap Value ETF

―

PVAL

Putnam Focused Large Cap Value ETF

―

JAVA

JPMorgan Active Value ETF

―

DFLV

Dimensional US Large Cap Value ETF

―

DSTL

Distillate US Fundamental Stability & Value ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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