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Fidelity's FELC ETF focuses on mega-cap tech but offers limited outperformance, rated hold for now.

Market News
27 Sep 2026
Seeking Alpha
View Source
Neutral
Fidelity's FELC ETF focuses on mega-cap tech but offers limited outperformance, rated hold for now.

The Fidelity Enhanced Large Cap Core ETF (FELC) is an actively managed fund that invests primarily in S&P 500 stocks, with a strong focus on mega-cap tech companies like Nvidia, Apple, and Microsoft, which make up 21% of its assets. Despite modest gains over the S&P 500, FELC's performance compared to mid- and small-cap stocks is limited, especially given its valuation premiums. Analysts suggest holding FELC as mid-cap stocks currently offer a better balance of sector exposure and valuation-growth potential.

The mega-cap tech stocks that dominate FELC's portfolio are showing mixed gains on Pluang. Nvidia is up 0.22% at USD 225.07, Apple reached its 52-week high at USD 341.07 with a 1.53% rise, and Microsoft gained 3.66% to USD 516.17. These figures are current as of Sep 28, 2026 03:11 WIB.

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