Vault-13

FIRST TR MORNINGSTAR DIVID L FDL

SHS · ETP · CUSIP 336917109

498 institutional holders -6 vs Q1 2026
92,117,59492.1m shares reported held*
$4.5bnreported value*
35 new 216 added 157 reduced 36 sold out net bought ≈ $174.2m (+3.6m 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 ($5.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.73.

Trends to Q2 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: 504Q2 26: 498498Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026498

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 164 bought or addedQ3 24: 162 cut or sold outQ4 24: 191 bought or addedQ4 24: 137 cut or sold outQ4 24Q1 25: 223 bought or addedQ1 25: 157 cut or sold outQ2 25: 242 bought or addedQ2 25: 160 cut or sold outQ2 25Q3 25: 220 bought or addedQ3 25: 177 cut or sold outQ4 25: 218 bought or addedQ4 25: 178 cut or sold outQ4 25Q1 26: 274 bought or addedQ1 26: 179 cut or sold outQ2 26: 251 bought or addedQ2 26: 193 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024164162
Q4 2024191137
Q1 2025223157
Q2 2025242160
Q3 2025220177
Q4 2025218178
Q1 2026274179
Q2 2026251193

Biggest buyers

LPL Financial LLC Added +1,672,115+1.7m
Cambridge Investment Research Advisors, Inc. Added +1,315,441+1.3m
AMERIPRISE FINANCIAL INC Added +416,527+416.5k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +311,652+311.7k
JONES FINANCIAL COMPANIES LLLP Added +287,379+287.4k
OSAIC HOLDINGS, INC. Added +243,460+243.5k
J.W. COLE ADVISORS, INC. New +180,846+180.8k
Csenge Advisory Group Added +158,039+158.0k
TRUIST FINANCIAL CORP Added +149,267+149.3k
Cetera Investment Advisers Added +113,056+113.1k

Biggest sellers

JPMORGAN CHASE & CO Reduced -635,148-635.1k
BNP PARIBAS FINANCIAL MARKETS Reduced -605,661-605.7k
Independent Advisor Alliance Reduced -294,366-294.4k
Private Advisor Group, LLC Reduced -250,167-250.2k
Investors Research Corp Reduced -169,257-169.3k
Prospera Financial Services Inc Reduced -134,983-135.0k
TRUE Private Wealth Advisors Reduced -110,792-110.8k
Elevation Capital Advisory, LLC Sold out -108,285-108.3k
AE Wealth Management LLC Reduced -91,232-91.2k
Gateway Wealth Partners, LLC Reduced -89,770-89.8k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.17% of their portfolio FORT MILL, SC 15,926,00515.9m $775.0m $775.0m 0.17% Added +1.7m +1,672,115
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 8,894,6888.9m $432.8m $432.8m 0.02% Reduced -48.6k -48,562
3 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 5,636,5745.6m $276.5m $276.5m 0.06% Added +416.5k +416,527
4 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 5,083,8705.1m $247.4m $247.4m 0.07% Added +71.0k +71,016
5 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 3,243,9223.2m $157.8m $157.8m 0.03% Added +94.3k +94,342
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,577,6012.6m $125.4m $125.4m 0.01% Added +35.0k +35,048
7 Cambridge Investment Research Advisors, Inc. 0.14% of their portfolio FAIRFIELD, IA 2,562,7142.6m $124.7m $124.7m 0.14% Added +1.3m +1,315,441
8 Cetera Investment Advisers 0.11% of their portfolio SCHAUMBURG, IL 2,550,5352.6m $124.1m $124.1m 0.11% Added +113.1k +113,056
9 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,473,6762.5m $120.4m $120.4m 0.02% Reduced -5.4k -5,368
10 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,468,8622.5m $120.1m $120.1m 0.02% Added +80.8k +80,787
11 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 2,255,7692.3m $109.8m $109.8m 0.06% Added +311.7k +311,652
12 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 1,732,8261.7m $84.3m $84.3m 0.10% Added +243.5k +243,460
13 Csenge Advisory Group 3.42% of their portfolio CLEARWATER, FL 1,728,4081.7m $84.1m $84.1m 3.42% Added +158.0k +158,039
14 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 1,713,3421.7m $85.0m $85.0m 0.03% Added +287.4k +287,379
15 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,524,2381.5m $74.2m $74.2m 0.02% Added +104.4k +104,421
16 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 1,213,6211.2m $59.1m $59.1m 0.05% Reduced -22.8k -22,778
17 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 997,443997.4k $48.5m $48.5m 0.06% Added +82.7k +82,658
18 Rockport Wealth LLC 8.03% of their portfolio Fairview Park, OH 982,928982.9k $47.8m $47.8m 8.03% Added +97.3k +97,344
19 Private Advisor Group, LLC 0.22% of their portfolio MORRISTOWN, NJ 969,772969.8k $47.2m $47.2m 0.22% Reduced -250.2k -250,167
20 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 904,402904.4k $44.0m $44.0m 0.05% Added +149.3k +149,267
21 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 725,028725.0k $35.3m $35.3m 0.11% Added +28.4k +28,387
22 Janney Montgomery Scott LLC 0.06% of their portfolio PHILADELPHIA, PA 645,928645.9k $31.4m $31.4m 0.06% Reduced -11.4k -11,353
23 TRUE Private Wealth Advisors 2.63% of their portfolio Salem, OR 627,429627.4k $30.5m $30.5m 2.63% Reduced -110.8k -110,792
24 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 581,274581.3k $28.3m $28.3m 0.04% Reduced -12.5k -12,507
25 Southland Equity Partners LLC 4.78% of their portfolio WILDWOOD, MO 561,017561.0k $27.3m $27.3m 4.78% Added +3.5k +3,485
26 STEPHENS INC /AR/ 0.30% of their portfolio LITTLE ROCK, AR 553,057553.1k $26.9m $26.9m 0.30% Added +10.3k +10,333
27 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 543,349543.3k $26.4m $26.4m 0.01% Reduced -605.7k -605,661
28 BEACON FINANCIAL GROUP 2.11% of their portfolio DALLAS, TX 477,704477.7k $23.2m $23.2m 2.11% Added +5.7k +5,718
29 &PARTNERS 0.09% of their portfolio NASHVILLE, TN 471,992472.0k $23.0m $23.0m 0.09% Added +34.3k +34,296
30 D.A. DAVIDSON & CO. 0.12% of their portfolio GREAT FALLS, MT 464,193464.2k $22.6m $22.6m 0.12% Added +22.6k +22,646
31 HARBOUR INVESTMENTS, INC. 0.30% of their portfolio MADISON, WI 456,188456.2k $22.2m $22.2m 0.30% Added +11.1k +11,105
32 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 430,333430.3k $20.9m $20.9m 0.00% Added +13.2k +13,212
33 Kingsview Wealth Management, LLC 0.25% of their portfolio GRANTS PASS, OR 422,375422.4k $20.6m $20.6m 0.25% Added +27.7k +27,739
34 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 385,538385.5k $18.8m $18.8m 0.02% Reduced -46.8k -46,833
35 RFG Advisory, LLC 0.29% of their portfolio BIRMINGHAM, AL 384,975385.0k $18.7m $18.7m 0.29% Added +54.7k +54,704
36 Vestmark Advisory Solutions, Inc. 0.17% of their portfolio Wakefield, MA 364,025364.0k $17.7m $17.7m 0.17% Added +195 +195
37 Equitable Holdings, Inc. 0.10% of their portfolio NEW YORK, NY 339,897339.9k $16.5m $16.5m 0.10% Added +25.8k +25,750
38 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 314,308314.3k $15.3m $15.3m 0.08% Added +12.0k +12,047
39 HC Advisors, LLC 8.91% of their portfolio SANDY SPRINGS, GA 301,517301.5k $14.7m $14.7m 8.91% Added +8.8k +8,813
40 MANCHESTER FINANCIAL INC 2.56% of their portfolio Westlake Village, CA 295,698295.7k $14.4m $14.4m 2.56% Reduced -19.9k -19,948
41 Center for Wealth Management Advisory 8.85% of their portfolio MILFORD, OH 289,599289.6k $14.1m $14.1m 8.85% Added +5.2k +5,190
42 McAdam, LLC 0.53% of their portfolio Philadelphia, PA 281,475281.5k $13.7m $13.7m 0.53% Added +28.7k +28,673
43 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 271,318271.3k $13.2m $13.2m 0.02% Added +833 +833
44 Rehmann Capital Advisory Group 0.60% of their portfolio LANSING, MI 268,982269.0k $13.1m $13.1m 0.60% Added +14.6k +14,558
45 Summit Financial Wealth Advisors, LLC 1.64% of their portfolio Lafayette, LA 263,650263.6k $12.8m $12.8m 1.64% Added +7.0k +7,000
46 Hobart Private Capital, LLC 2.18% of their portfolio CHARLOTTE, NC 261,661261.7k $12.7m $12.7m 2.18% Added +8.5k +8,480
47 Next Level Private LLC 2.39% of their portfolio HARRISON, NY 251,170251.2k $12.2m $12.2m 2.39% Reduced -647 -647
48 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 249,536249.5k $12.3m $12.3m 0.00% Reduced -635.1k -635,148
49 Del-Sette Capital Management, LLC 6.97% of their portfolio SCHENECTADY, NY 245,466245.5k $11.9m $11.9m 6.97% Reduced -40.7k -40,658
50 Keeler Thomas Management LLC 4.22% of their portfolio Orem, UT 244,574244.6k $11.9m $11.9m 4.22% Added +8.7k +8,686
51 PERRYMAN FINANCIAL ADVISORY INC /AD 1.53% of their portfolio DALLAS, TX 236,123236.1k $11.5m $11.5m 1.53% Added +2.8k +2,784
52 Goldstone Financial Group, LLC 0.98% of their portfolio OAKBROOK TERRACE, IL 219,270219.3k $10.7m $10.7m 0.98% Reduced -54.8k -54,824
53 Mariner, LLC 0.01% of their portfolio Overland Park, KS 216,768216.8k $10.5m $10.5m 0.01% Reduced -43.7k -43,722
54 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 204,448204.4k $9.9m $9.9m 0.01% Added +4.0k +3,956
55 Key Client Fiduciary Advisors, LLC 2.85% of their portfolio Fairfield, NJ 201,438201.4k $9.8m $9.8m 2.85% Added +18.8k +18,838
56 Arax Advisory Partners 0.06% of their portfolio NEW YORK, NY 192,847192.8k $9.4m $9.4m 0.06% Added +34.4k +34,401
57 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 192,482192.5k $9.4m $9.4m 0.02% Added +72.3k +72,288
58 J.W. COLE ADVISORS, INC. 0.15% of their portfolio TAMPA, FL 180,846180.8k $8.8m $8.8m 0.15% New
59 Allworth Financial LP 0.04% of their portfolio FOLSOM, CA 179,430179.4k $8.7m $8.7m 0.04% Added +3.0k +2,973
60 Compass Financial Services Inc 3.16% of their portfolio WEST DES MOINES, IA 173,592173.6k $8.4m $8.4m 3.16% Added +8.3k +8,314
61 COZAD ASSET MANAGEMENT INC 0.54% of their portfolio CHAMPAIGN, IL 171,576171.6k $8.3m $8.3m 0.54% Added +9.8k +9,829
62 Mach-1 Financial Group, LLC 3.19% of their portfolio Rogers, AR 169,188169.2k $8.2m $8.2m 3.19% Reduced -18.0k -17,953
63 Randall & Associates Wealth Management 4.93% of their portfolio BUTLER, PA 163,745163.7k $8.0m $8.0m 4.93% Reduced -9.1k -9,136
64 BlueChip Wealth Advisors LLC 3.01% of their portfolio Milton, GA 163,113163.1k $7.9m $7.9m 3.01% Reduced -6.6k -6,595
65 Leelyn Smith, LLC 0.96% of their portfolio GENEVA, IL 162,596162.6k $7.9m $7.9m 0.96% Added +1.8k +1,820
66 JFS WEALTH ADVISORS, LLC 0.38% of their portfolio HERMITAGE, PA 158,678158.7k $7.7m $7.7m 0.38% Added +142 +142
67 Integrated Wealth Concepts LLC 0.04% of their portfolio WALTHAM, MA 158,269158.3k $7.7m $7.7m 0.04% Added +29.1k +29,057
68 Proactive Wealth Strategies LLC 1.23% of their portfolio MARIETTA, GA 157,158157.2k $7.6m $7.6m 1.23% Added +902 +902
69 Prosperity Consulting Group, LLC 0.28% of their portfolio OWINGS MILLS, MD 152,997153.0k $7.4m $7.4m 0.28% Added +7.1k +7,105
70 Investors Research Corp 1.32% of their portfolio ATLANTA, GA 151,969152.0k $7.4m $7.4m 1.32% Reduced -169.3k -169,257
71 Avior Wealth Management, LLC 0.19% of their portfolio OMAHA, NE 148,852148.9k $7.2m $7.2m 0.19% Reduced -21 -21
72 Farther Finance Advisors, LLC 0.05% of their portfolio SAN FRANCISCO, CA 141,542141.5k $6.9m $6.9m 0.05% Reduced -9.8k -9,769
73 Sigma Planning Corp 0.17% of their portfolio ANN ARBOR, MI 138,389138.4k $6.7m $6.7m 0.17% Added +41.4k +41,434
74 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.40% of their portfolio ORLANDO, FL 137,125137.1k $6.7m $6.7m 0.40% Added +163 +163
75 Harvest Investment Services, LLC 1.02% of their portfolio Oakbrook Terrace, IL 136,135136.1k $6.6m $6.6m 1.02% Added +5.1k +5,090
76 VestGen Advisors, LLC 0.19% of their portfolio CHICAGO, IL 131,294131.3k $6.4m $6.4m 0.19% Added +44.1k +44,117
77 Milestones Private Investment Advisors LLC 5.08% of their portfolio FAIRPORT, NY 131,010131.0k $6.4m $6.4m 5.08% Added +56.4k +56,389
78 Independent Advisor Alliance 0.15% of their portfolio CHARLOTTE, NC 130,595130.6k $6.4m $6.4m 0.15% Reduced -294.4k -294,366
79 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 128,242128.2k $6.2m $6.2m 0.01% Added +63.5k +63,529
80 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 127,637127.6k $6.2m $6.2m 0.02% Added +2.0k +2,014
81 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 125,203125.2k $6.2m $6.2m 0.01% Added +1.8k +1,758
82 Oxford Wealth Group, LLC 2.70% of their portfolio ORLANDO, FL 124,182124.2k $6.0m $6.0m 2.70% Added +32.7k +32,676
83 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 123,636123.6k $6.0m $6.0m 0.00% Reduced -14.6k -14,565
84 CFS Investment Advisory Services, LLC 0.41% of their portfolio TOTOWA, NJ 123,207123.2k $6.1m $6.1m 0.41% Reduced -3.3k -3,300
85 Fairvoy Private Wealth, LLC 1.21% of their portfolio BIRMINGHAM, AL 123,197123.2k $6.0m $6.0m 1.21% Added +30.4k +30,364
86 HFG Advisors, Inc. 3.74% of their portfolio CINCINATTI, OH 123,145123.1k $6.0m $6.0m 3.74% Added +891 +891
87 GENESIS PRIVATE WEALTH, LLC 1.67% of their portfolio ASHBURN, VA 121,926121.9k $5.9m $5.9m 1.67% Added +4.6k +4,647
88 Stratos Wealth Partners, LTD. 0.06% of their portfolio BEACHWOOD, OH 121,152121.2k $5.9m $5.9m 0.06% Added +26.6k +26,569
89 Snowden Capital Advisors LLC 0.14% of their portfolio New York, NY 118,979119.0k $5.8m $5.8m 0.14% Reduced -1.0k -1,035
90 Maia Wealth LLC 0.85% of their portfolio DENVER, CO 118,158118.2k $5.7m $5.7m 0.85% Added +22.2k +22,183
91 Concurrent Investment Advisors, LLC 0.05% of their portfolio Tampa, FL 115,717115.7k $5.6m $5.6m 0.05% Added +168 +168
92 Hidden Cove Wealth Management, LLC 3.09% of their portfolio Bainbridge Island, WA 115,430115.4k $5.6m $5.6m 3.09% Reduced -13.0k -13,033
93 Arkadios Wealth Advisors 0.08% of their portfolio ATLANTA, GA 111,759111.8k $5.4m $5.4m 0.08% Added +18.1k +18,129
94 Prospera Financial Services Inc 0.08% of their portfolio Dallas, TX 111,366111.4k $5.4m $5.4m 0.08% Reduced -135.0k -134,983
95 One Capital Management, LLC 0.15% of their portfolio WESTLAKE VILLAGE, CA 109,559109.6k $5.6m $5.6m 0.15% Unchanged
96 Bluespring Wealth Management, LLC 0.10% of their portfolio AUSTIN, TX 104,257104.3k $5.1m $5.1m 0.10% Added +34.4k +34,404
97 WEDBUSH SECURITIES INC 0.13% of their portfolio PASADENA, CA 103,960104.0k $5.1m $5.1m 0.13% Reduced -16.9k -16,889
98 IHT Wealth Management, LLC 0.11% of their portfolio Chicago, IL 101,832101.8k $5.0m $5.0m 0.11% Added +6.9k +6,923
99 Turning Point Benefit Group, Inc. 2.12% of their portfolio FREDERICK, MD 100,897100.9k $4.9m $4.9m 2.12% Added +69.1k +69,138
100 Asset One Wealth Management LLC 0.53% of their portfolio BELLEVUE, WA 99,76699.8k $5.0m $5.0m 0.53% Added +22.6k +22,566