Fidelity Covington Trust Fideli (NYSEARCA:FFLV) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. trimmed its holdings in shares of Fidelity Covington Trust Fideli (NYSEARCA:FFLV) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,560 shares of the company’s stock after selling 6,812 shares during the period. Traynor Capital Management Inc. owned about 2.07% of Fidelity Covington Trust Fideli worth $3,331,000 at the end of the most recent reporting period.

Fidelity Covington Trust Fideli Trading Down 0.7 %

NYSEARCA:FFLV opened at $22.05 on Thursday. The firm’s fifty day simple moving average is $22.13 and its 200 day simple moving average is $21.76. Fidelity Covington Trust Fideli has a twelve month low of $19.91 and a twelve month high of $25.00. The firm has a market capitalization of $1.65 million, a price-to-earnings ratio of 14.74 and a beta of 0.60.

About Fidelity Covington Trust Fideli

The Fidelity Fundamental Large Cap Value ETF (FFLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to large-cap value stocks from around the world. The fund selects equity securities based on fundamental research and analysis.