FIDELITY COVINGTON TRUST

Ticker: FVAL CUSIP: 316092782 Class: VLU FACTOR ETF

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
FMR LLC1,654,920$119,601
ENVESTNET ASSET MANAGEMENT INC1,550,208$112,034
High Probability Advisors, LLC429,924$31,071
Merit Financial Group, LLC332,824$24,053
LPL Financial LLC331,753$23,976
ROYAL BANK OF CANADA300,619$21,726
Dynamic Advisor Solutions LLC290,237$20,975
MAI Capital Management275,571$19,915
Cetera Investment Advisers257,168$18,586
OSAIC HOLDINGS, INC.251,139$18,154
COMMONWEALTH EQUITY SERVICES, LLC238,792$17,258
Thrivent Financial for Lutherans213,388$16
JPMORGAN CHASE & CO207,602$15,003
Kestra Advisory Services, LLC196,303$14,187
BEACON ADVISORS HOLDINGS, LLC191,215$13,819
BANK OF AMERICA CORP /DE/189,732$13,712
Custos Family Office, LLC127,974$9,249
MORGAN STANLEY126,067$9,111
Vantage Financial Partners, LLC121,298$8,766
KESTRA PRIVATE WEALTH SERVICES, LLC116,142$8,394
SAX WEALTH ADVISORS, LLC113,798$8,224
CONDOR CAPITAL MANAGEMENT113,496$8,202
Creative Planning102,528$7,410
TWO SIGMA INVESTMENTS, LP89,200$6,446
Goodwin Investment Advisory80,398$5,810
Cambria Investment Management, L.P.71,224$5,147
JONES FINANCIAL COMPANIES LLLP69,856$5,049
PFG Advisors60,099$4,343
Cedar Point Capital Partners, LLC60,053$4,340
RAYMOND JAMES FINANCIAL INC50,168$3,626
PRIMORIS WEALTH ADVISORS, LLC46,342$3,349
Cambridge Investment Research Advisors, Inc.45,262$3
Bouvel Investment Partners, LLC41,980$3,034
ALTFEST L J & CO INC41,268$2,982
Prism Advisors, Inc.33,192$2,399
GOLDMAN SACHS GROUP INC29,482$2,131
Brinker Capital Investments, LLC26,402$1,908
LVZ, Inc.26,041$1,882
Forbes Financial Planning, Inc.24,867$1,797
Strategic Blueprint, LLC24,485$1,770
MML INVESTORS SERVICES, LLC23,303$1,684
Rockefeller Capital Management L.P.23,115$1,671
Ethos Capital Management, Inc.21,485$1,553
Envestnet Portfolio Solutions, Inc.20,924$1,512
J.W. COLE ADVISORS, INC.20,773$1,450
B. Riley Wealth Advisors, Inc.19,290$1,394
Traub Capital Management LLC18,545$1,340
Darwin Wealth Management, LLC17,944$1,297
AXXCESS WEALTH MANAGEMENT, LLC17,418$1,259
Farther Finance Advisors, LLC17,100$1,236
Sigma Planning Corp16,996$1,228
Foundations Investment Advisors, LLC16,543$1,196
Valmark Advisers, Inc.16,310$1,179
Spectrum Investment Advisors, Inc.15,262$1,103
AE Wealth Management LLC14,710$1,063
SCHMIDT P J INVESTMENT MANAGEMENT INC14,624$1,057
CITADEL ADVISORS LLC14,302$1,034
Montis Financial, LLC13,006$940
Sunbelt Securities, Inc.12,716$919
Diversify Advisory Services, LLC11,876$869
Certified Advisory Corp10,807$781
Allworth Financial LP10,628$768
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC10,308$759
FLAGSHIP WEALTH ADVISORS, LLC9,430$682
AQR CAPITAL MANAGEMENT LLC9,356$676
SUSQUEHANNA INTERNATIONAL GROUP, LLP9,275$670
Samalin Investment Counsel, LLC9,233$667
CULLEN/FROST BANKERS, INC.8,872$641
NewEdge Advisors, LLC8,713$630
THOROUGHBRED FINANCIAL SERVICES, LLC8,248$1
Ballast Financial Advisors LLC8,067$583
GWN SECURITIES INC.8,014$579
Cerity Partners LLC7,988$577
Kovack Advisors, Inc.7,793$563
Private Advisor Group, LLC7,516$543
JANE STREET GROUP, LLC7,254$524
World Investment Advisors6,969$504
ASSETMARK, INC6,831$494
LaSalle St. Investment Advisors, LLC6,790$0
Storen Legacy Partners, LLC6,693$484
Mutual Advisors, LLC6,511$471
Principle Wealth Partners LLC6,167$446
Sequoia Financial Advisors, LLC6,127$443
Prepared Retirement Institute LLC5,982$432
Kestra Investment Management, LLC5,896$426
Global Retirement Partners, LLC5,575$403
Ascent Group, LLC5,247$379
Cyndeo Wealth Partners, LLC5,141$372
CoreCap Advisors, LLC4,693$339
Mariner, LLC4,558$329
Quantinno Capital Management LP4,528$327
Silver Grove Financial Group, Inc.4,517$311
AVAII WEALTH MANAGEMENT, LLC4,442$321
EP Wealth Advisors, LLC4,336$313
New England Private Wealth Advisors LLC4,332$313
Advisory Services Network, LLC4,283$310
CFO4Life Group, LLC4,108$297
Wood Tarver Financial Group, LLC4,084$0
Foguth Wealth Management, LLC.3,994$290
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors3,789$274
45 other institutions55,527$3,890
Total (145 institutions)9,221,881$646,254