FIDELITY COVINGTON TRUST

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

Gladstone Institutional Advisory LLC's Holding History (CIK: 0001766530)

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

Q4 2025
Shares 18,925 Value ($000) $509 Avg Close — Range —
Q3 2025
Shares 10,693 Value ($000) $297 Avg Close — Range —