Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
US ˙ ARCA ˙ US3160928574

SecurityFREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
InstitutionGalvin, Gaustad & Stein, LLC
Latest Disclosed Ownership19,891 shares
Latest Disclosed Value $ 535,264
Galvin, Gaustad & Stein, LLC reports 0.46% increase in ownership of FREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF

On May 14, 2026 - Galvin, Gaustad & Stein, LLC filed a 13F-HR form disclosing ownership of 19,891 shares of Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF (US:FREL) valued at $535,267 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 23, 2026 disclosing 19,800 shares of Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF. This represents a change in shares of 0.46% during the quarter. The current value of the position is $584,994 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.

Upgrade to unlock premium data and export to Excel .

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 MSCI RL EST ETF 316092857 19,891 91 0.46 535 0.56 0.0428
2026-01-23 2025-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 19,800 10,398 110.59 532 103.83 0.0416
2025-10-22 2025-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 9,402 1,658 21.41 261 24.88 0.0212
2025-07-24 2025-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 7,744 7,744 209 0.0180
2025-05-07 2025-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 0 -11,902 -100.00 0 -100.00
2025-01-17 2024-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 11,902 -117,670 -90.81 322 -91.59 0.0288
2024-11-01 2024-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 129,572 2,325 1.83 3,820 18.46 0.3404
2024-07-17 2024-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 127,247 -1,253 -0.98 3,224 -3.82 0.3000
2024-04-15 2024-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 128,500 -152 -0.12 3,353 -2.22 0.3086
2024-01-11 2023-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 128,652 13,635 11.85 3,429 31.04 0.3206
2023-10-18 2023-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 115,017 11,085 10.67 2,617 0.35 0.2651
2023-07-24 2023-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 103,932 6,296 6.45 2,608 7.20 0.2528
2023-04-17 2023-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 97,636 5,220 5.65 2,432 6.11 0.2396
2023-02-13 2022-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 92,416 11,393 14.06 2,293 18.27 0.2309
2022-10-26 2022-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 81,023 19,995 32.76 1,938 16.89 0.2053
2022-07-22 2022-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 61,028 3,933 6.89 1,658 -10.33 0.1681
2022-04-27 2022-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 57,095 2,641 4.85 1,849 -2.22 0.1667
2022-01-31 2021-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 54,454 63 0.12 1,891 14.40 0.1633
2021-10-29 2021-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 54,391 2,239 4.29 1,653 4.16 0.1596
2021-07-29 2021-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 52,152 1,333 2.62 1,587 13.60 0.1511
2021-04-19 2021-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 50,819 1,220 2.46 1,397 10.96 0.1406
2021-02-04 2020-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 49,599 49,599 1,259 0.1322
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.