Vault-13

FIDELITY COVINGTON TRUST FREL

MSCI RL EST ETF · ETP · CUSIP 316092857

204 institutional holders -3 vs Q4 2023
14,250,10314.3m shares reported held*
$371.4mreported value*
16 new 91 added 65 reduced 18 sold out net bought ≈ $614.7k (+6.5k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.07.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 192Q4 22: 196Q1 23: 196Q2 23: 200Q3 23: 179Q4 23: 207Q1 24: 204204Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022192
Q4 2022196
Q1 2023196
Q2 2023200
Q3 2023179
Q4 2023207
Q1 2024204

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 94 bought or addedQ4 22: 87 cut or sold outQ4 22Q1 23: 92 bought or addedQ1 23: 85 cut or sold outQ1 23Q2 23: 92 bought or addedQ2 23: 87 cut or sold outQ2 23Q3 23: 93 bought or addedQ3 23: 86 cut or sold outQ3 23Q4 23: 97 bought or addedQ4 23: 78 cut or sold outQ4 23Q1 24: 107 bought or addedQ1 24: 83 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20229487
Q1 20239285
Q2 20239287
Q3 20239386
Q4 20239778
Q1 202410783

Biggest buyers

MORGAN STANLEY Added +123,559+123.6k
Lido Advisors, LLC Added +112,909+112.9k
AE Wealth Management LLC Added +88,880+88.9k
Advisory Services Network, LLC Added +39,674+39.7k
MML INVESTORS SERVICES, LLC Added +32,602+32.6k
Cetera Investment Advisers Added +26,687+26.7k
Sigma Planning Corp Added +22,874+22.9k
LINCOLN NATIONAL CORP Added +20,874+20.9k
AVANTAX ADVISORY SERVICES, INC. Added +18,800+18.8k
AMERICAN FINANCIAL & TAX STRATEGIES INC Added +18,161+18.2k

Biggest sellers

COMMONWEALTH EQUITY SERVICES, LLC Reduced -122,506-122.5k
PNC Financial Services Group, Inc. Reduced -99,731-99.7k
Blue Trust, Inc. Reduced -79,706-79.7k
CITADEL ADVISORS LLC Sold out -69,165-69.2k
Cetera Advisor Networks LLC Sold out -56,287-56.3k
RWA WEALTH PARTNERS, LLC Sold out -51,677-51.7k
Tower Research Capital LLC (TRC) Reduced -43,474-43.5k
Orion Porfolio Solutions, LLC Reduced -29,543-29.5k
Orion Portfolio Solutions, LLC Reduced -29,543-29.5k
Financial Engines Advisors L.L.C. Reduced -16,436-16.4k

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 1,643,4271.6m $42.9m $42.9m 0.03% Reduced -99.7k -99,731
2 Lido Advisors, LLC 0.23% of their portfolio Los Angeles, CA 988,126988.1k $25.8m $25.8m 0.23% Added +112.9k +112,909
3 CITIZENS & NORTHERN CORP 5.77% of their portfolio WELLSBORO, PA 653,712653.7k $17.1m $17.1m 5.77% Reduced -11.9k -11,942
4 TRUEFG, LLC 5.04% of their portfolio CEDAR PARK, TX 526,902526.9k $13.7m $13.7m 5.04% Added +8.3k +8,304
5 AE Wealth Management LLC 0.14% of their portfolio TOPEKA, KS 483,052483.1k $12.6m $12.6m 0.14% Added +88.9k +88,880
6 Pure Financial Advisors, LLC 0.39% of their portfolio SAN DIEGO, CA 476,797476.8k $12.4m $12.4m 0.39% Reduced -12.0k -11,992
7 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 420,033420.0k $11.0m $11.0m 0.02% Reduced -122.5k -122,506
8 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 380,847380.8k $9.9m $9.9m 0.01% Added +4.0k +4,003
9 Riverpoint Wealth Management Holdings, LLC 2.61% of their portfolio CHICAGO, IL 359,801359.8k $9.4m $9.4m 2.61% Added +8.8k +8,772
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 346,647346.6k $9.0m $9.0m 0.00% Added +123.6k +123,559
11 AVANTAX ADVISORY SERVICES, INC. 0.08% of their portfolio DALLAS, TX 335,751335.8k $8.8m $8.8m 0.08% Added +18.8k +18,800
12 Black Diamond Financial, LLC 2.39% of their portfolio TOWSON, MD 331,608331.6k $8.8m $8.8m 2.39% Unchanged
13 MAI Capital Management 0.09% of their portfolio INDEPENDENCE, OH 314,530314.5k $8.2m $8.2m 0.09% Reduced -13.6k -13,597
14 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 296,471296.5k $7.7m $7.7m 0.00% Added +8.9k +8,941
15 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 280,487280.5k $7.3m $7.3m 0.01% Reduced -4.4k -4,391
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 276,669276.7k $7.2m $7.2m 0.00% Added +918 +918
17 Physician Wealth Advisors, Inc. 1.11% of their portfolio MIDVALE, UT 220,307220.3k $5.3m $5.3m 1.11% Added +1.6k +1,577
18 Dynamic Advisor Solutions LLC 0.17% of their portfolio PHOENIX, AZ 197,737197.7k $5.2m $5.2m 0.17% Added +3.6k +3,570
19 AMERICAN FINANCIAL & TAX STRATEGIES INC 2.66% of their portfolio NEW YORK, NY 189,758189.8k $5.0m $5.0m 2.66% Added +18.2k +18,161
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 169,160169.2k $4.4m $4.4m 0.00% Reduced -6.4k -6,382
21 Financial Engines Advisors L.L.C. 0.01% of their portfolio SANTA CLARA, CA 159,099159.1k $4.2m $4.2m 0.01% Reduced -16.4k -16,436
22 Independent Solutions Wealth Management, LLC 0.94% of their portfolio Williamsville, NY 151,164151.2k $3.9m $3.9m 0.94% Added +5.6k +5,571
23 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 149,504149.5k $3.9m $3.9m 0.01% Added +3.7k +3,733
24 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 142,698142.7k $3.7m $3.7m 0.01% Reduced -14.0k -13,993
25 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 140,551140.6k $3.7m $3.7m 0.01% Added +1.7k +1,721
26 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 138,978139.0k $3.6m $3.6m 0.01% Added +32.6k +32,602
27 Advisory Services Network, LLC 0.08% of their portfolio ATLANTA, GA 132,867132.9k $3.5m $3.5m 0.08% Added +39.7k +39,674
28 Diversify Advisory Services, LLC 0.20% of their portfolio SANDY, UT 130,570130.6k $3.3m $3.3m 0.20% First filing
29 Galvin, Gaustad & Stein, LLC 0.31% of their portfolio Scottsdale, AZ 128,500128.5k $3.4m $3.4m 0.31% Reduced -152 -152
30 Essential Planning, LLC. 1.61% of their portfolio PORTSMOUTH, NH 120,431120.4k $3.2m $3.2m 1.61% Added +111 +111
31 SACHEM HILL LLC 0.71% of their portfolio DENVER, CO 115,387115.4k $3.0m $3.0m 0.71% Added +1.3k +1,256
32 Marotta Asset Management 0.62% of their portfolio CHARLOTTESVILLE, VA 114,118114.1k $3.0m $3.0m 0.62% Added +7.7k +7,664
33 RFG Advisory, LLC 0.10% of their portfolio BIRMINGHAM, AL 108,353108.4k $2.8m $2.8m 0.10% Added +2.1k +2,065
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 108,097108.1k $2.8m $2.8m 0.00% Added +13.5k +13,455
35 SigFig Wealth Management, LLC 0.10% of their portfolio SAN FRANCISCO, CA 107,150107.2k $2.8m $2.8m 0.10% Reduced -10.7k -10,706
36 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 102,860102.9k $2.7m $2.7m 0.01% Reduced -162 -162
37 Opes Wealth Management LLC 0.62% of their portfolio MENLO PARK, CA 102,854102.9k $2.7m $2.7m 0.62% Added +8.4k +8,418
38 Blue Barn Wealth, LLC 1.39% of their portfolio OREM, UT 95,18695.2k $2.5m $2.5m 1.39% Added +3.0k +3,043
39 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 83,84083.8k $2.2m $2.2m 0.00% Added +2.9k +2,922
40 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 83,33283.3k $2.2m $2.2m 0.00% Added +327 +327
41 Marks Group Wealth Management, Inc 0.22% of their portfolio MINNETONKA, MN 80,76080.8k $2.1m $2.1m 0.22% Unchanged
42 Soltis Investment Advisors LLC 0.23% of their portfolio ST. GEORGE, UT 78,84378.8k $2.1m $2.1m 0.23% Reduced -271 -271
43 Asset Management Group, Inc. 0.36% of their portfolio STAMFORD, CT 72,54072.5k $1.9m $1.9m 0.36% Reduced -3.5k -3,478
44 Eagle Bay Advisors LLC 1.16% of their portfolio NEW YORK, NY 70,51470.5k $1.8m $1.8m 1.16% Added +3.5k +3,480
45 FORTE ASSET MANAGEMENT LLC 1.10% of their portfolio BEDFORD, NY 69,40569.4k $1.8m $1.8m 1.10% Added +7.0k +7,033
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 68,45768.5k $1.8m $1.8m 0.00% Added +1.5k +1,456
47 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 67,16867.2k $1.8m $1.8m 0.00% Reduced -16.4k -16,393
48 NWAM LLC 0.12% of their portfolio MERCER ISLAND, WA 62,39362.4k $1.5m $1.5m 0.12% Added +6.6k +6,563
49 LODESTAR PRIVATE ASSET MANAGEMENT LLC 0.23% of their portfolio ALAMO, CA 61,08461.1k $1.6m $1.6m 0.23% Added +3.6k +3,560
50 Mariner, LLC 0.00% of their portfolio Overland Park, KS 60,52360.5k $1.6m $1.6m 0.00% Reduced -2.9k -2,877
51 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 60,35260.4k $1.6m $1.6m 0.00% Added +26.7k +26,687
52 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 58,74958.7k $1.5m $1.5m 0.02% Added +2.9k +2,881
53 FIRST NATIONAL CORP /MA/ /ADV 0.38% of their portfolio ROCKLAND, MA 58,09858.1k $1.5m $1.5m 0.38% Unchanged
54 Heck Capital Advisors, LLC 0.23% of their portfolio Rhinelander, WI 57,22057.2k $1.5m $1.5m 0.23% Reduced -546 -546
55 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 56,94356.9k $1.5m $1.5m 0.02% Reduced -29.5k -29,543
56 Orion Portfolio Solutions, LLC 0.02% of their portfolio Omaha, NE 56,94356.9k $1.5m $1.5m 0.02% Reduced -29.5k -29,543
57 Full Sail Capital, LLC 0.10% of their portfolio OKLAHOMA CITY, OK 56,76756.8k $1.5m $1.5m 0.10% Reduced -2.9k -2,911
58 Palisades Hudson Asset Management, L.P. 0.67% of their portfolio FORT LAUDERDALE, FL 56,47256.5k $1.5m $1.5m 0.67% Added +4.9k +4,949
59 LINCOLN NATIONAL CORP 0.02% of their portfolio RADNOR, PA 54,88854.9k $1.4m $1.4m 0.02% Added +20.9k +20,874
60 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 48,18748.2k $1.3m $1.3m 0.00% Added +2.5k +2,509
61 Beaumont Financial Advisors, LLC 0.10% of their portfolio NEEDHAM, MA 46,95547.0k $1.2m $1.2m 0.10% Reduced -6.0k -5,952
62 Sachetta, LLC 0.57% of their portfolio LYNNFIELD, MA 44,98745.0k $1.2m $1.2m 0.57% Unchanged
63 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 43,60843.6k $1.1m $1.1m 0.01% Added +11.8k +11,782
64 Life Planning Partners, Inc 1.10% of their portfolio JACKSONVILLE, FL 42,38642.4k $1.1m $1.1m 1.10% Added +2.9k +2,875
65 Sigma Planning Corp 0.03% of their portfolio ANN ARBOR, MI 40,97641.0k $1.1m $1.1m 0.03% Added +22.9k +22,874
66 Glass Jacobson Investment Advisors llc 0.38% of their portfolio OWINGS MILLS, MD 38,50138.5k $1.0m $1.0m 0.38% Added +1.8k +1,789
67 SMITH, MOORE & CO. 0.10% of their portfolio CLAYTON, MO 37,13737.1k $968.9k $968.9k 0.10% Added +118 +118
68 Blue Trust, Inc. 0.01% of their portfolio BRENTWOOD, TN 36,55936.6k $953.8k $953.8k 0.01% Reduced -79.7k -79,706
69 Rather & Kittrell, Inc. 0.28% of their portfolio Knoxville, TN 35,87935.9k $936.1k $936.1k 0.28% Reduced -1.3k -1,310
70 Birchcreek Wealth Management, LLC 0.46% of their portfolio MIAMI TOWNSHIP, OH 33,62933.6k $877.4k $877.4k 0.46% Added +4.2k +4,184
71 Cedar Wealth Management, LLC 0.29% of their portfolio LA JOLLA, CA 33,32233.3k $869.4k $869.4k 0.29% Reduced -825 -825
72 Mutual Advisors, LLC 0.03% of their portfolio OMAHA, NE 32,23032.2k $840.9k $840.9k 0.03% Reduced -489 -489
73 Tortoise Investment Management, LLC 0.10% of their portfolio WHITE PLAINS, NY 31,81531.8k $830.1k $830.1k 0.10% Reduced -416 -416
74 HF Advisory Group, LLC 0.45% of their portfolio Annapolis, MD 31,08131.1k $810.9k $810.9k 0.45% Added +2.4k +2,446
75 Crestwood Advisors Group, LLC 0.02% of their portfolio BOSTON, MA 31,04831.0k $810.0k $810.0k 0.02% Reduced -1.8k -1,843
76 Robertson Stephens Wealth Management, LLC 0.04% of their portfolio San Francisco, CA 31,04831.0k $810.0k $810.0k 0.04% Added +4.2k +4,171
77 Integrated Investment Consultants, LLC 0.22% of their portfolio BLOOMFIELD HILLS, MI 31,00031.0k $808.8k $808.8k 0.22% Unchanged
78 Venturi Wealth Management, LLC 0.05% of their portfolio AUSTIN, TX 29,05329.1k $758.0k $758.0k 0.05% Reduced -8.0k -8,042
79 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 28,80628.8k $751.5k $751.5k 0.00% Added +7.5k +7,489
80 S&T Bank/PA 0.14% of their portfolio Indiana, PA 27,66027.7k $722.0k $722.0k 0.14% Reduced -38 -38
81 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 27,19127.2k $709.4k $709.4k 0.00% Added +1.9k +1,886
82 BALANCED WEALTH GROUP LLC 0.29% of their portfolio WESTLAKE, OH 25,89625.9k $649.2k $649.2k 0.29% Added +252 +252
83 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 24,85224.9k $648.4k $648.4k 0.01% Added +588 +588
84 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 24,81724.8k $647.5k $647.5k 0.00% Added +3.0k +2,984
85 MISSION WEALTH MANAGEMENT, LP 0.02% of their portfolio Santa Barbara, CA 23,24023.2k $606.3k $606.3k 0.02% Reduced -1.4k -1,404
86 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 22,48522.5k $586.6k $586.6k 0.00% Added +1.2k +1,181
87 Tufton Capital Management 0.12% of their portfolio HUNT VALLEY, MD 22,44922.4k $585.7k $585.7k 0.12% Reduced -570 -570
88 Capital Analysts, LLC 0.03% of their portfolio FORT WASHINGTON, PA 21,98722.0k $574.0k $574.0k 0.03% Added +2.2k +2,174
89 Keel Point, LLC 0.06% of their portfolio HUNTSVILLE, AL 21,95322.0k $572.8k $572.8k 0.06% Added +2.0k +1,967
90 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 21,81821.8k $569.2k $569.2k 0.01% Reduced -1.8k -1,812
91 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 21,80921.8k $569.0k $569.0k 0.03% Added +3.2k +3,166
92 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 20,59420.6k $537.3k $537.3k 0.01% Reduced -3.8k -3,848
93 BCS Wealth Management 0.17% of their portfolio JOHNSON CITY, TN 20,27420.3k $529.0k $529.0k 0.17% Reduced -980 -980
94 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 20,07320.1k $523.7k $523.7k 0.00% Reduced -211 -211
95 RAFFA WEALTH MANAGEMENT, LLC 0.16% of their portfolio WASHINGTON, DC 19,96020.0k $520.7k $520.7k 0.16% Added +9.6k +9,635
96 Pathway Financial Advisers, LLC 0.17% of their portfolio AUBURN, IN 18,45918.5k $481.6k $481.6k 0.17% Reduced -1.9k -1,945
97 Sunbelt Securities, Inc. 0.05% of their portfolio HOUSTON, TX 17,41317.4k $454.3k $454.3k 0.05% Added +502 +502
98 Smith Salley Wealth Management 0.03% of their portfolio GREENSBORO, NC 16,91016.9k $441.2k $441.2k 0.03% Reduced -8 -8
99 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 16,88416.9k $440.5k $440.5k 0.02% Reduced -552 -552
100 FOSTER & MOTLEY INC 0.03% of their portfolio CINCINNATI, OH 16,63016.6k $434.0k $434.0k 0.03% Reduced -8.1k -8,100