FIDELITY COVINGTON TRUST

Ticker: FREL CUSIP: 316092857 Class: MSCI RL EST ETF

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

InstitutionSharesValue ($000)
AE Wealth Management LLC1,614,618$43,417
Lido Advisors, LLC1,337,397$37,181
CITIZENS & NORTHERN CORP1,087,071$29,231
PNC Financial Services Group, Inc.861,230$23,158
ENVESTNET ASSET MANAGEMENT INC823,474$22,143
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO815,738$21,935
Black Diamond Financial, LLC752,837$20,244
TRUEFG, LLC665,978$17,908
MAI Capital Management606,692$16,314
COMMONWEALTH EQUITY SERVICES, LLC532,679$14,324
Riverpoint Wealth Management Holdings, LLC525,783$14,138
Cetera Investment Advisers431,015$11,590
LPL Financial LLC417,340$11,222
Pure Financial Advisors, LLC397,722$10,695
TWO SIGMA INVESTMENTS, LP314,900$8,468
Payne Capital Management, LLC297,826$8,009
OSAIC HOLDINGS, INC.264,364$7,111
Heck Capital Advisors, LLC235,889$6,343
MML INVESTORS SERVICES, LLC233,045$6,267
Rehmann Capital Advisory Group231,859$6,236
Creative Planning224,385$6,034
DIVERSIFY WEALTH MANAGEMENT, LLC220,642$6,041
Marotta Asset Management217,461$5,848
AGF MANAGEMENT LTD210,562$5,662
Dynamic Advisor Solutions LLC204,833$5,508
AMERICAN FINANCIAL & TAX STRATEGIES INC200,845$5,401
Townsend Financial Planning, LLC168,246$4,524
MORGAN STANLEY166,630$4,481
Physician Wealth Advisors, Inc.160,236$4,309
RFG Advisory, LLC152,564$4,102
HighTower Advisors, LLC147,024$3,953
RAYMOND JAMES FINANCIAL INC139,107$3,741
Essential Planning, LLC.133,781$3,597
Financial Engines Advisors L.L.C.132,762$3,570
Opes Wealth Management LLC128,685$3,460
Steward Partners Investment Advisory, LLC116,954$3,145
SigFig Wealth Management, LLC116,074$3,133
Independent Solutions Wealth Management, LLC112,887$3,036
Prospect Financial Group LLC112,737$3,032
ROYAL BANK OF CANADA111,061$2,986
PARK AVENUE SECURITIES LLC100,119$3
Schoolcraft Capital LLC88,839$2,389
Cambridge Investment Research Advisors, Inc.86,590$2
Livet Wealth, LLC82,409$2,216
UBS Group AG81,427$2,190
LODESTAR PRIVATE ASSET MANAGEMENT LLC76,579$2,059
Diversify Advisory Services, LLC72,313$2,036
Sachetta, LLC70,468$1,895
NWAM LLC70,140$1,927
AMERIPRISE FINANCIAL INC68,270$1,827
Beckerman Institutional, LLC65,271$1,755
STIFEL FINANCIAL CORP63,540$1,709
Fifth Third Securities, Inc.63,040$1,695
Asset Management Group, Inc.62,309$1,675
Palisades Hudson Asset Management, L.P.62,157$2
Blue Barn Wealth, LLC61,375$1,650
Birchcreek Wealth Management, LLC56,243$1,512
Marks Group Wealth Management, Inc55,559$1,494
Kovitz Investment Group Partners, LLC55,517$1,493
Eagle Bay Advisors LLC55,259$1,486
Mariner, LLC55,158$1,483
Soltis Investment Advisors LLC54,263$1,459
Beaumont Financial Advisors, LLC53,301$1,433
Tortoise Investment Management, LLC51,374$1,381
Farther Finance Advisors, LLC50,507$1,358
HF Advisory Group, LLC48,769$1,311
Atria Investments, Inc48,646$1,308
SUMMIT WEALTH GROUP LLC / CO45,500$1,223
Kestra Advisory Services, LLC44,841$1,206
MERCER GLOBAL ADVISORS INC /ADV43,512$1,170
21 West Wealth Management LLC43,477$1,169
Life Planning Partners, Inc41,638$1,120
BANK OF AMERICA CORP /DE/40,393$1,086
SMITH, MOORE & CO.40,281$1,083
WELLS FARGO & COMPANY/MN39,715$1,068
Elevated Capital Advisors, LLC39,305$1,057
J.W. COLE ADVISORS, INC.39,002$1,049
Mach-1 Financial Group, LLC38,585$1,038
Private Advisor Group, LLC36,239$974
JPMORGAN CHASE & CO36,207$974
Glass Jacobson Investment Advisors llc34,888$938
PKS Advisory Services, LLC33,736$907
Rather & Kittrell, Inc.33,561$902
INTEGRATED CAPITAL MANAGEMENT, INC.32,487$874
Integrated Investment Consultants, LLC31,000$834
Fort Point Capital Partners LLC30,325$843
BALANCED WEALTH GROUP LLC26,751$744
Northwest Wealth Advisors, LLC25,669$690
IFP Advisors, Inc25,292$680
New England Private Wealth Advisors LLC24,801$667
Tower Research Capital LLC (TRC)24,345$655
Compound Planning, Inc.24,138$649
O'SHAUGHNESSY ASSET MANAGEMENT, LLC23,489$632
Global Retirement Partners, LLC23,369$628
SUSQUEHANNA INTERNATIONAL GROUP, LLP22,332$601
Fingerlakes Wealth Management, Inc.21,485$578
Galvin, Gaustad & Stein, LLC19,800$532
Bank of New York Mellon Corp19,115$514
Gladstone Institutional Advisory LLC18,925$509
Investmark Advisory Group LLC18,701$503
113 other institutions652,679$16,661
Total (213 institutions)19,079,958$507,003