Fidelity Covington Trust - Fidelity Dividend ETF for Rising Rates
US ˙ ARCA ˙ US3160928327

SecurityFDRR / Fidelity Covington Trust - Fidelity Dividend ETF for Rising Rates
InstitutionGladstone Institutional Advisory LLC
Latest Disclosed Ownership14,601 shares
Latest Disclosed Value $ 858,622
Gladstone Institutional Advisory LLC ownership in FDRR / Fidelity Covington Trust - Fidelity Dividend ETF for Rising Rates

On May 14, 2026 - Gladstone Institutional Advisory LLC filed a 13F-HR form disclosing ownership of 14,601 shares of Fidelity Covington Trust - Fidelity Dividend ETF for Rising Rates (US:FDRR) valued at $858,588 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 14,601 shares of Fidelity Covington Trust - Fidelity Dividend ETF for Rising Rates. This represents a change in shares of 0.00% during the quarter. The current value of the position is $961,975 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 14,601 0 0.00 859 -3.60 0.0318
2026-02-17 2025-12-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 14,601 0 0.00 891 4.09 0.0336
2025-10-22 2025-09-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 14,601 -59 -0.40 856 7.55 0.0330
2025-08-12 2025-06-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 14,660 0 0.00 795 8.61 0.0328
2025-05-15 2025-03-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 14,660 -1,842 -11.16 732 -13.58 0.0341
2025-01-29 2024-12-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,502 714 4.52 848 4.18 0.0393
2024-10-28 2024-09-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 15,788 1 0.01 813 6.83 0.0397
2024-08-02 2024-06-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 15,787 -250 -1.56 762 2.01 0.0397
2024-05-14 2024-03-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,037 1 0.01 747 5.97 0.0410
2024-02-09 2023-12-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,036 -554 -3.34 704 6.83 0.0395
2023-11-13 2023-09-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,590 2,662 19.11 660 13.43 0.0427
2023-08-10 2023-06-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 13,928 268 1.96 581 4.68 0.0354
2023-05-12 2023-03-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 13,660 2 0.01 555 2.02 0.0360
2023-02-01 2022-12-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 13,658 1 0.01 544 12.40 0.0384
2023-01-30 2022-09-30 13F/A-1 FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 13,657 1,060 8.41 484 -0.62 0.0378
2022-10-20 2022-09-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 13,657 1,060 484 0.0378
2023-01-30 2022-06-30 13F/A-1 FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 12,597 -43 -0.34 487 -13.50 0.0385
2022-08-15 2022-06-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 12,597 -43 487 0.0385
2023-01-30 2022-03-31 13F/A-1 FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 12,640 -481 -3.67 563 -5.38 0.0381
2022-05-04 2022-03-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 12,640 -481 563 0.0381
2023-01-30 2021-12-31 13F/A-1 FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 13,121 -3,409 -20.62 595 -13.01 0.0461
2022-02-11 2021-12-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 13,121 -3,409 595 0.0461
2023-01-30 2021-09-30 13F/A-1 FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,530 -103 -0.62 684 -2.70 0.0668
2021-11-15 2021-09-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,530 -103 684 0.0668
2023-01-30 2021-06-30 13F/A-1 FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,633 1 0.01 703 5.24 0.0835
2021-08-13 2021-06-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,633 1 703 0.0835
2023-01-30 2021-03-31 13F/A-1 FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,632 1 0.01 668 9.15 0.1038
2021-05-17 2021-03-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,632 1 668 0.1038
2023-01-30 2020-12-31 13F/A-1 FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,631 -677 -3.91 612 8.90 0.1219
2021-02-16 2020-12-31 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 16,631 -677 612 0.1219
2023-01-30 2020-09-30 13F/A-1 FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 17,308 -253 -1.44 562 4.07 0.1342
2020-11-16 2020-09-30 13F FIDELITY COVINGTON TRUST DIVID ETF RISI 316092832 17,308 -253 562 0.1342
2020-08-17 2020-06-30 13F FIDELITY COVINGTON TR DIVID ETF RISI 316092832 17,561 -1,470 -7.72 540 7.57 0.1374
2020-05-14 2020-03-31 13F FIDELITY COVINGTON TR DIVID ETF RISI 316092832 19,031 -46 -0.24 502 -25.41 0.1295
2020-02-12 2019-12-31 13F FIDELITY COVINGTON TR DIVID ETF RISI 316092832 19,077 -403 -2.07 673 7.17 0.1650
2019-11-13 2019-09-30 13F FIDELITY COVINGTON TR DIVID ETF RISI 316092832 19,480 -31,428 -61.73 628 -61.35 0.1597
2019-08-14 2019-06-30 13F FIDELITY DIVID ETF RISI 316092832 50,908 -4,366 -7.90 1,625 -6.93 0.4951
2019-05-10 2019-03-31 13F FIDELITY DIVID ETF RISI 316092832 55,274 1,055 1.95 1,746 12.28 0.6409
2019-02-13 2018-12-31 13F FIDELITY DIVID ETF RISI 316092832 54,219 54,219 1,555 0.9057
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.