Vault-13

FIRST TR MORNINGSTAR DIVID L FDL

SHS · ETP · CUSIP 336917109

504 institutional holders +38 vs Q4 2025
88,775,09188.8m shares reported held*
$4.5bnreported value*
71 new 203 added 148 reduced 31 sold out net bought ≈ $254.5m (+5.1m 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 ($5.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.89.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 291Q4 22: 358Q1 23: 359Q2 23: 348Q3 23: 350Q4 23: 364Q1 24: 363Q2 24: 355Q3 24: 373Q4 24: 408Q1 25: 436Q2 25: 444Q3 25: 437Q4 25: 466Q1 26: 504504Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022291
Q4 2022358
Q1 2023359
Q2 2023348
Q3 2023350
Q4 2023364
Q1 2024363
Q2 2024355
Q3 2024373
Q4 2024408
Q1 2025436
Q2 2025444
Q3 2025437
Q4 2025466
Q1 2026504

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 24: 133 bought or addedQ2 24: 189 cut or sold outQ3 24: 164 bought or addedQ3 24: 162 cut or sold outQ3 24Q4 24: 191 bought or addedQ4 24: 137 cut or sold outQ1 25: 223 bought or addedQ1 25: 157 cut or sold outQ1 25Q2 25: 242 bought or addedQ2 25: 160 cut or sold outQ3 25: 220 bought or addedQ3 25: 177 cut or sold outQ3 25Q4 25: 218 bought or addedQ4 25: 178 cut or sold outQ1 26: 274 bought or addedQ1 26: 179 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024133189
Q3 2024164162
Q4 2024191137
Q1 2025223157
Q2 2025242160
Q3 2025220177
Q4 2025218178
Q1 2026274179

Biggest buyers

LPL Financial LLC Added +1,845,604+1.8m
BNP PARIBAS FINANCIAL MARKETS Added +848,505+848.5k
JPMORGAN CHASE & CO Added +579,662+579.7k
JONES FINANCIAL COMPANIES LLLP Added +335,480+335.5k
Kingsview Wealth Management, LLC Added +325,573+325.6k
Independent Advisor Alliance Added +306,317+306.3k
MORGAN STANLEY Added +272,541+272.5k
Keeler Thomas Management LLC New +235,888+235.9k
Kestra Advisory Services, LLC Added +219,965+220.0k
Investors Research Corp Added +184,228+184.2k

Biggest sellers

AMERIPRISE FINANCIAL INC Reduced -748,530-748.5k
Rockport Wealth LLC Reduced -725,992-726.0k
STIFEL FINANCIAL CORP Reduced -511,802-511.8k
Csenge Advisory Group Reduced -317,232-317.2k
RAYMOND JAMES FINANCIAL INC Reduced -184,676-184.7k
J.W. COLE ADVISORS, INC. Sold out -160,270-160.3k
Triumph Capital Management Reduced -113,077-113.1k
WELLS FARGO & COMPANY/MN Reduced -80,317-80.3k
Prospera Financial Services Inc Reduced -76,166-76.2k
ROYAL BANK OF CANADA Reduced -70,535-70.5k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.19% of their portfolio FORT MILL, SC 14,253,89014.3m $724.1m $724.1m 0.19% Added +1.8m +1,845,604
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 8,943,2508.9m $454.3m $454.3m 0.03% Added +272.5k +272,541
3 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 5,220,0475.2m $265.2m $265.2m 0.06% Reduced -748.5k -748,530
4 RAYMOND JAMES FINANCIAL INC 0.08% of their portfolio ST. PETERSBURG, FL 5,012,8545.0m $254.7m $254.7m 0.08% Reduced -184.7k -184,676
5 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 3,149,5803.1m $160.0m $160.0m 0.03% Reduced -80.3k -80,317
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,542,5532.5m $129.2m $129.2m 0.01% Reduced -48.2k -48,225
7 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,479,0442.5m $125.9m $125.9m 0.02% Reduced -70.5k -70,535
8 Cetera Investment Advisers 0.13% of their portfolio SCHAUMBURG, IL 2,437,4792.4m $123.8m $123.8m 0.13% Reduced -42.6k -42,590
9 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,388,0752.4m $121.3m $121.3m 0.02% Added +23.1k +23,071
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 1,944,1171.9m $98.8m $98.8m 0.06% Added +108.3k +108,331
11 Csenge Advisory Group 3.65% of their portfolio CLEARWATER, FL 1,570,3691.6m $79.8m $79.8m 3.65% Reduced -317.2k -317,232
12 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 1,489,3661.5m $75.7m $75.7m 0.11% Reduced -7.8k -7,772
13 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 1,425,9631.4m $71.8m $71.8m 0.03% Added +335.5k +335,480
14 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,419,8171.4m $72.1m $72.1m 0.02% Added +93.0k +93,008
15 Cambridge Investment Research Advisors, Inc. 0.16% of their portfolio FAIRFIELD, IA 1,247,2731.2m $63.4m $63.4m 0.16% Added +40.4k +40,363
16 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 1,236,3991.2m $62.8m $62.8m 0.06% Reduced -511.8k -511,802
17 Private Advisor Group, LLC 0.29% of their portfolio MORRISTOWN, NJ 1,219,9391.2m $62.0m $62.0m 0.29% Added +34.5k +34,464
18 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 1,149,0101.1m $58.4m $58.4m 0.04% Added +848.5k +848,505
19 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 914,785914.8k $46.5m $46.5m 0.06% Added +29.7k +29,720
20 Rockport Wealth LLC 8.19% of their portfolio Fairview Park, OH 885,584885.6k $45.0m $45.0m 8.19% Reduced -726.0k -725,992
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 884,684884.7k $44.7m $44.7m 0.00% Added +579.7k +579,662
22 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 755,135755.1k $38.4m $38.4m 0.05% Added +15.4k +15,449
23 TRUE Private Wealth Advisors 3.57% of their portfolio Salem, OR 738,221738.2k $37.5m $37.5m 3.57% Reduced -2.6k -2,576
24 Kestra Advisory Services, LLC 0.13% of their portfolio AUSTIN, TX 696,641696.6k $35.4m $35.4m 0.13% Added +220.0k +219,965
25 Janney Montgomery Scott LLC 0.08% of their portfolio PHILADELPHIA, PA 657,281657.3k $33.4m $33.4m 0.08% Added +2.4k +2,413
26 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 593,781593.8k $30.2m $30.2m 0.05% Added +159.2k +159,231
27 Southland Equity Partners LLC 5.52% of their portfolio WILDWOOD, MO 557,532557.5k $28.3m $28.3m 5.52% Added +50.8k +50,821
28 STEPHENS INC /AR/ 0.34% of their portfolio LITTLE ROCK, AR 542,724542.7k $27.6m $27.6m 0.34% Reduced -6.0k -6,041
29 BEACON FINANCIAL GROUP 2.39% of their portfolio DALLAS, TX 471,986472.0k $24.0m $24.0m 2.39% Reduced -19.3k -19,258
30 HARBOUR INVESTMENTS, INC. 0.35% of their portfolio MADISON, WI 445,083445.1k $22.6m $22.6m 0.35% Added +101.0k +101,032
31 D.A. DAVIDSON & CO. 0.14% of their portfolio GREAT FALLS, MT 441,547441.5k $22.4m $22.4m 0.14% Added +42.8k +42,785
32 &PARTNERS 0.11% of their portfolio NASHVILLE, TN 437,696437.7k $22.3m $22.3m 0.11% Added +71.3k +71,275
33 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 432,371432.4k $22.0m $22.0m 0.02% Reduced -729 -729
34 Independent Advisor Alliance 0.23% of their portfolio CHARLOTTE, NC 424,961425.0k $21.6m $21.6m 0.23% Added +306.3k +306,317
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 417,121417.1k $21.2m $21.2m 0.00% Added +160.2k +160,152
36 Kingsview Wealth Management, LLC 0.27% of their portfolio GRANTS PASS, OR 394,636394.6k $20.0m $20.0m 0.27% Added +325.6k +325,573
37 Vestmark Advisory Solutions, Inc. 0.20% of their portfolio Wakefield, MA 363,830363.8k $18.5m $18.5m 0.20% Added +100.0k +100,005
38 RFG Advisory, LLC 0.31% of their portfolio BIRMINGHAM, AL 330,271330.3k $16.8m $16.8m 0.31% Added +102.6k +102,602
39 Investors Research Corp 4.53% of their portfolio ATLANTA, GA 321,226321.2k $23.7m $23.7m 4.53% Added +184.2k +184,228
40 MANCHESTER FINANCIAL INC 3.08% of their portfolio Westlake Village, CA 315,646315.6k $16.0m $16.0m 3.08% Reduced -37.2k -37,187
41 Equitable Holdings, Inc. 0.09% of their portfolio NEW YORK, NY 314,147314.1k $13.9m $13.9m 0.09% Added +82.0k +82,033
42 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 302,261302.3k $15.4m $15.4m 0.08% Added +127.3k +127,276
43 HC Advisors, LLC 9.95% of their portfolio SANDY SPRINGS, GA 292,704292.7k $14.9m $14.9m 9.95% Reduced -8.4k -8,405
44 Del-Sette Capital Management, LLC 8.70% of their portfolio SCHENECTADY, NY 286,124286.1k $14.5m $14.5m 8.70% Added +17.8k +17,839
45 Center for Wealth Management Advisory 10.40% of their portfolio MILFORD, OH 284,409284.4k $14.4m $14.4m 10.40% Reduced -601 -601
46 Goldstone Financial Group, LLC 1.51% of their portfolio OAKBROOK TERRACE, IL 274,094274.1k $13.9m $13.9m 1.51% Reduced -29.4k -29,360
47 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 270,485270.5k $13.7m $13.7m 0.02% Reduced -9.9k -9,923
48 Mariner, LLC 0.02% of their portfolio Overland Park, KS 260,490260.5k $13.2m $13.2m 0.02% Reduced -3.9k -3,851
49 Summit Financial Wealth Advisors, LLC 1.85% of their portfolio Lafayette, LA 256,650256.6k $13.0m $13.0m 1.85% Added +26.2k +26,209
50 Rehmann Capital Advisory Group 0.67% of their portfolio LANSING, MI 254,424254.4k $12.9m $12.9m 0.67% Added +38.2k +38,249
51 Hobart Private Capital, LLC 2.53% of their portfolio CHARLOTTE, NC 253,181253.2k $12.9m $12.9m 2.53% Reduced -53.5k -53,518
52 McAdam, LLC 0.58% of their portfolio Philadelphia, PA 252,802252.8k $12.8m $12.8m 0.58% Added +3.6k +3,630
53 Next Level Private LLC 2.89% of their portfolio HARRISON, NY 251,817251.8k $12.8m $12.8m 2.89% Reduced -176 -176
54 Prospera Financial Services Inc 0.20% of their portfolio Dallas, TX 246,349246.3k $12.5m $12.5m 0.20% Reduced -76.2k -76,166
55 Keeler Thomas Management LLC 5.07% of their portfolio Orem, UT 235,888235.9k $12.0m $12.0m 5.07% New
56 PERRYMAN FINANCIAL ADVISORY INC /AD 1.78% of their portfolio DALLAS, TX 233,339233.3k $11.9m $11.9m 1.78% Reduced -4.0k -3,975
57 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 200,492200.5k $10.2m $10.2m 0.01% Added +1.1k +1,105
58 Mach-1 Financial Group, LLC 3.35% of their portfolio Rogers, AR 187,141187.1k $9.5m $9.5m 3.35% Reduced -1.5k -1,500
59 Gateway Wealth Partners, LLC 0.37% of their portfolio APPLETON, WI 186,152186.2k $9.5m $9.5m 0.37% Added +99.0k +99,006
60 Key Client Fiduciary Advisors, LLC 3.19% of their portfolio Fairfield, NJ 182,600182.6k $9.3m $9.3m 3.19% Added +3.1k +3,109
61 Allworth Financial LP 0.04% of their portfolio FOLSOM, CA 176,457176.5k $9.0m $9.0m 0.04% Added +592 +592
62 Randall & Associates Wealth Management 5.92% of their portfolio BUTLER, PA 172,881172.9k $8.8m $8.8m 5.92% Reduced -10.5k -10,452
63 BlueChip Wealth Advisors LLC 3.78% of their portfolio Milton, GA 169,708169.7k $8.6m $8.6m 3.78% Reduced -4.8k -4,816
64 Compass Financial Services Inc 3.64% of their portfolio WEST DES MOINES, IA 165,278165.3k $8.4m $8.4m 3.64% Added +29.1k +29,123
65 COZAD ASSET MANAGEMENT INC 0.65% of their portfolio CHAMPAIGN, IL 161,747161.7k $8.2m $8.2m 0.65% Added +6.0k +6,049
66 Leelyn Smith, LLC 1.15% of their portfolio GENEVA, IL 160,776160.8k $8.2m $8.2m 1.15% Added +3.5k +3,517
67 JFS WEALTH ADVISORS, LLC 0.45% of their portfolio HERMITAGE, PA 158,536158.5k $8.1m $8.1m 0.45% Reduced -6.0k -6,024
68 Arax Advisory Partners 0.23% of their portfolio NEW YORK, NY 158,446158.4k $8.0m $8.0m 0.23% Added +5.0k +4,974
69 Proactive Wealth Strategies LLC 1.49% of their portfolio MARIETTA, GA 156,256156.3k $7.9m $7.9m 1.49% Added +78.1k +78,143
70 Farther Finance Advisors, LLC 0.07% of their portfolio SAN FRANCISCO, CA 151,311151.3k $7.6m $7.6m 0.07% Added +11.3k +11,301
71 Avior Wealth Management, LLC 0.21% of their portfolio OMAHA, NE 148,873148.9k $7.6m $7.6m 0.21% Added +139.6k +139,600
72 Prosperity Consulting Group, LLC 0.33% of their portfolio OWINGS MILLS, MD 145,892145.9k $7.4m $7.4m 0.33% Added +12.1k +12,068
73 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 143,493143.5k $7.3m $7.3m 0.04% Added +98.2k +98,189
74 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 138,201138.2k $7.0m $7.0m 0.00% Reduced -20.9k -20,931
75 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.48% of their portfolio ORLANDO, FL 136,962137.0k $6.9m $6.9m 0.48% Added +6.9k +6,939
76 Harvest Investment Services, LLC 1.22% of their portfolio Oakbrook Terrace, IL 131,045131.0k $6.7m $6.7m 1.22% Added +379 +379
77 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 129,212129.2k $6.6m $6.6m 0.05% Added +78.8k +78,753
78 Hidden Cove Wealth Management, LLC 4.19% of their portfolio Bainbridge Island, WA 128,463128.5k $6.5m $6.5m 4.19% Added +60.6k +60,569
79 CFS Investment Advisory Services, LLC 0.43% of their portfolio TOTOWA, NJ 126,507126.5k $6.3m $6.3m 0.43% Reduced -14.2k -14,238
80 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 125,623125.6k $6.4m $6.4m 0.02% Added +2.9k +2,894
81 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 123,445123.4k $6.2m $6.2m 0.01% Reduced -45.0k -45,004
82 HFG Advisors, Inc. 4.37% of their portfolio CINCINATTI, OH 122,254122.3k $6.2m $6.2m 4.37% Added +2.1k +2,128
83 WEDBUSH SECURITIES INC 0.18% of their portfolio PASADENA, CA 120,849120.8k $6.1m $6.1m 0.18% Added +26.2k +26,227
84 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 120,194120.2k $6.1m $6.1m 0.02% Reduced -9.2k -9,164
85 Snowden Capital Advisors LLC 0.16% of their portfolio New York, NY 120,014120.0k $6.1m $6.1m 0.16% Added +37.7k +37,673
86 GENESIS PRIVATE WEALTH, LLC 1.88% of their portfolio ASHBURN, VA 117,279117.3k $6.0m $6.0m 1.88% Added +146 +146
87 Concurrent Investment Advisors, LLC 0.06% of their portfolio Tampa, FL 115,549115.5k $5.9m $5.9m 0.06% Added +575 +575
88 One Capital Management, LLC 0.15% of their portfolio WESTLAKE VILLAGE, CA 109,559109.6k $5.6m $5.6m 0.15% New
89 Elevation Capital Advisory, LLC 2.34% of their portfolio BEND, OR 108,285108.3k $5.5m $5.5m 2.34% New
90 Fortis Group Advisors, LLC 0.89% of their portfolio WESTWOOD, NJ 106,278106.3k $5.4m $5.4m 0.89% Added +65.3k +65,287
91 KESTRA PRIVATE WEALTH SERVICES, LLC 0.06% of their portfolio AUSTIN, TX 102,202102.2k $5.2m $5.2m 0.06% Reduced -49 -49
92 MOSELEY INVESTMENT MANAGEMENT INC 1.65% of their portfolio BRADENTON, FL 101,801101.8k $5.2m $5.2m 1.65% Added +74.1k +74,075
93 Sigma Planning Corp 0.14% of their portfolio ANN ARBOR, MI 96,95597.0k $4.9m $4.9m 0.14% Reduced -12.7k -12,698
94 FSM Wealth Advisors, LLC 0.63% of their portfolio CLEVELAND, OH 96,66496.7k $4.9m $4.9m 0.63% Reduced -20.8k -20,843
95 Maia Wealth LLC 0.82% of their portfolio DENVER, CO 95,97596.0k $4.9m $4.9m 0.82% Added +19.0k +19,046
96 Wisconsin Wealth Advisors, LLC 4.76% of their portfolio SUN PRAIRIE, WI 95,16395.2k $4.8m $4.8m 4.76% Added +1.9k +1,916
97 IHT Wealth Management, LLC 0.11% of their portfolio Chicago, IL 94,90994.9k $4.8m $4.8m 0.11% Reduced -769 -769
98 Elevated Capital Advisors, LLC 1.21% of their portfolio SANDY, UT 94,79694.8k $4.8m $4.8m 1.21% Reduced -3.2k -3,238
99 Stratos Wealth Partners, LTD. 0.05% of their portfolio BEACHWOOD, OH 94,58394.6k $4.8m $4.8m 0.05% Added +737 +737
100 Arkadios Wealth Advisors 0.08% of their portfolio ATLANTA, GA 93,63093.6k $4.8m $4.8m 0.08% Added +4.0k +4,004