Vault-13

FIRST TR EXCH TRD ALPHDX FD FEM

EMERG MKT ALPH · ETP · CUSIP 33737J182

110 institutional holders -6 vs Q4 2023
18,610,72018.6m shares reported held*
$425.6mreported value*
13 new 44 added 41 reduced 17 sold out net bought ≈ $67.2m (+2.9m 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 ($205.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.87.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 95Q4 22: 99Q1 23: 99Q2 23: 105Q3 23: 113Q4 23: 116Q1 24: 110110Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202295
Q4 202299
Q1 202399
Q2 2023105
Q3 2023113
Q4 2023116
Q1 2024110

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 51 bought or addedQ4 22: 44 cut or sold outQ4 22Q1 23: 52 bought or addedQ1 23: 48 cut or sold outQ1 23Q2 23: 63 bought or addedQ2 23: 38 cut or sold outQ2 23Q3 23: 55 bought or addedQ3 23: 46 cut or sold outQ3 23Q4 23: 51 bought or addedQ4 23: 61 cut or sold outQ4 23Q1 24: 57 bought or addedQ1 24: 58 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20225144
Q1 20235248
Q2 20236338
Q3 20235546
Q4 20235161
Q1 20245758

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ2 23 calls: $0Q2 23 puts: $1.4mQ2 23P/C —Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —
Numbers
QuarterCallsPutsP/C
Q2 2023$0$1.4m—
Q3 2023$0$0—
Q4 2023$0$0—
Q1 2024$0$0—

Biggest buyers

MORGAN STANLEY Added +3,585,227+3.6m
LPL Financial LLC Added +180,865+180.9k
Cetera Investment Advisers Added +65,598+65.6k
Atria Investments, Inc New +51,760+51.8k
Cambridge Investment Research Advisors, Inc. Added +33,820+33.8k
ROYAL BANK OF CANADA Added +32,676+32.7k
Kingsview Wealth Management, LLC Added +32,466+32.5k
ASSETMARK, INC Added +30,622+30.6k
Formidable Asset Management, LLC New +16,983+17.0k
WELLS FARGO & COMPANY/MN Added +13,714+13.7k

Biggest sellers

CITADEL ADVISORS LLC Sold out -277,052-277.1k
OLD MISSION CAPITAL LLC Reduced -252,702-252.7k
OSAIC HOLDINGS, INC. Reduced -133,767-133.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -108,401-108.4k
FIRST TRUST ADVISORS LP Reduced -107,112-107.1k
Cetera Advisor Networks LLC Sold out -52,108-52.1k
Raymond James Financial Services Advisors, Inc. Reduced -50,170-50.2k
BANK OF MONTREAL /CAN/ Sold out -49,263-49.3k
UBS Group AG Reduced -35,494-35.5k
CWM, LLC Reduced -31,300-31.3k

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,899,3697.9m $180.7m $180.7m 0.00% Added +3.6m +3,585,227
2 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,507,5691.5m $34.5m $34.5m 0.01% Added +13.7k +13,714
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,082,0261.1m $24.7m $24.7m 0.01% Added +180.9k +180,865
4 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 978,980979.0k $22.4m $22.4m 0.01% Added +32.7k +32,676
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 666,044666.0k $15.2m $15.2m 0.00% Added +10.8k +10,813
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 646,122646.1k $14.8m $14.8m 0.00% Reduced -35.5k -35,494
7 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.43% of their portfolio Seattle, WA 609,135609.1k $13.9m $13.9m 0.43% Reduced -6.0k -6,012
8 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 517,647517.6k $11.8m $11.8m 0.00% Added +811 +811
9 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 484,663484.7k $11.1m $11.1m 0.02% Reduced -50.2k -50,170
10 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 460,439460.4k $10.5m $10.5m 0.02% Added +65.6k +65,598
11 Luken Investment Analytics, LLC 4.60% of their portfolio BRENTWOOD, TN 398,977399.0k $9.1m $9.1m 4.60% Reduced -14.1k -14,080
12 Kingsview Wealth Management, LLC 0.21% of their portfolio GRANTS PASS, OR 358,555358.6k $8.2m $8.2m 0.21% Added +32.5k +32,466
13 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 274,811274.8k $6.3m $6.3m 0.00% Added +10.0k +10,000
14 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 163,914163.9k $3.7m $3.7m 0.01% Added +33.8k +33,820
15 WealthPLAN Partners, LLC 0.33% of their portfolio OMAHA, NE 141,099141.1k $3.2m $3.2m 0.33% Added +4.3k +4,302
16 Coppell Advisory Solutions Corp. 0.50% of their portfolio COPPELL, TX 115,751115.8k $2.6m $2.6m 0.50% First filing
17 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 110,357110.4k $2.5m $2.5m 0.00% Added +6.5k +6,506
18 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 107,606107.6k $2.5m $2.5m 0.01% Reduced -133.8k -133,767
19 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 106,946106.9k $2.4m $2.4m 0.01% Added +30.6k +30,622
20 Midwest Financial Group LLC 1.39% of their portfolio Overland Park, KS 90,68490.7k $2.1m $2.1m 1.39% Added +1.1k +1,057
21 AVANTAX ADVISORY SERVICES, INC. 0.02% of their portfolio DALLAS, TX 85,79585.8k $2.0m $2.0m 0.02% Reduced -210 -210
22 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 72,84172.8k $1.7m $1.7m 0.00% Reduced -5.2k -5,244
23 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 71,57271.6k $1.6m $1.6m 0.04% Reduced -252.7k -252,702
24 CWM, LLC 0.01% of their portfolio OMAHA, NE 67,90467.9k $1.6m $1.6m 0.01% Reduced -31.3k -31,300
25 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 60,22660.2k $1.4m $1.4m 0.02% Reduced -10.7k -10,654
26 PRINCIPAL SECURITIES, INC. 0.04% of their portfolio DES MOINES, IA 54,61454.6k $1.2m $1.2m 0.04% Added +10.7k +10,746
27 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 52,75852.8k $1.2m $1.2m 0.00% Reduced -2.6k -2,584
28 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 52,55752.6k $1.2m $1.2m 0.02% Reduced -14.4k -14,377
29 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 51,76051.8k $1.2m $1.2m 0.02% New
30 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 51,64251.6k $1.2m $1.2m 0.00% Added +338 +338
31 Sebold Capital Management, Inc. 0.73% of their portfolio LISLE, IL 46,99147.0k $1.1m $1.1m 0.73% Reduced -144 -144
32 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 43,63643.6k $998.0k $998.0k 0.01% Reduced -507 -507
33 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 42,93142.9k $981.8k $981.8k 0.01% Reduced -1.6k -1,626
34 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 41,17241.2k $941.6k $941.6k 0.00% Added +4.4k +4,351
35 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 40,93240.9k $936.1k $936.1k 0.00% Added +1.5k +1,491
36 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 40,32840.3k $922.3k $922.3k 0.03% Reduced -14.1k -14,066
37 SignalPoint Asset Management, LLC 0.25% of their portfolio SPRINGFIELD, MO 40,29640.3k $923.3k $923.3k 0.25% Reduced -3.7k -3,673
38 Chicago Partners Investment Group LLC 0.04% of their portfolio CHICAGO, IL 40,07140.1k $923.6k $923.6k 0.04% Reduced -1.1k -1,125
39 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 38,78138.8k $886.9k $886.9k 0.04% Added +1.6k +1,640
40 COMERICA BANK 0.00% of their portfolio DALLAS, TX 36,60136.6k $837.1k $837.1k 0.00% Reduced -758 -758
41 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 32,97033.0k $754.0k $754.0k 0.01% Added +822 +822
42 Aprio Wealth Management, LLC 0.14% of their portfolio ATLANTA, GA 31,10031.1k $711.3k $711.3k 0.14% Added +74 +74
43 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 31,01731.0k $709.4k $709.4k 0.01% Added +569 +569
44 IAMS WEALTH MANAGEMENT, LLC 0.43% of their portfolio OMAHA, NE 30,72530.7k $704.2k $704.2k 0.43% Added +847 +847
45 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 29,31629.3k $670.5k $670.5k 0.00% Reduced -107.1k -107,112
46 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 29,28229.3k $673.0k $673.0k 0.00% Added +31 +31
47 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 29,21329.2k $668.1k $668.1k 0.01% Reduced -1.7k -1,668
48 Gateway Wealth Partners, LLC 0.24% of their portfolio APPLETON, WI 28,89028.9k $660.7k $660.7k 0.24% Added +909 +909
49 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 28,28628.3k $647.0k $647.0k 0.00% Reduced -585 -585
50 OneAscent Financial Services LLC 0.07% of their portfolio BIRMINGHAM, AL 27,89427.9k $638.0k $638.0k 0.07% Added +4.5k +4,497
51 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 24,84024.8k $568.1k $568.1k 0.01% Added +2.5k +2,454
52 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 24,84024.8k $568.1k $568.1k 0.01% Added +2.5k +2,454
53 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 24,28324.3k $555.4k $555.4k 0.01% Added +3.5k +3,450
54 Cedar Brook Financial Partners, LLC 0.11% of their portfolio CLEVELAND, OH 24,25124.3k $554.6k $554.6k 0.11% Reduced -990 -990
55 Rathbones Group PLC 0.00% of their portfolio Liverpool, X0 24,09924.1k $551.1k $551.1k 0.00% Reduced -2.1k -2,060
56 BENJAMIN F. EDWARDS & COMPANY, INC. 0.01% of their portfolio ST. LOUIS, MO 23,21223.2k $531.0k $531.0k 0.01% Added +395 +395
57 StoneX Group Inc. 0.05% of their portfolio NEW YORK, NY 22,18422.2k $507.3k $507.3k 0.05% Reduced -4.1k -4,133
58 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.03% of their portfolio BIRMINGHAM, AL 21,41521.4k $489.8k $489.8k 0.03% Added +1.7k +1,724
59 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 21,26221.3k $511.6k $511.6k 0.01% Added +14 +14
60 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 20,18620.2k $461.7k $461.7k 0.00% Reduced -19 -19
61 Formidable Asset Management, LLC 0.06% of their portfolio CINCINNATI, OH 16,98317.0k $388.4k $388.4k 0.06% New
62 Higgins & Schmidt Wealth Strategies LLC 0.24% of their portfolio DENVER, CO 14,51214.5k $331.9k $331.9k 0.24% Unchanged
63 Patriot Financial Group Insurance Agency, LLC 0.05% of their portfolio Westborough, MA 14,15014.2k $323.6k $323.6k 0.05% Added +2.2k +2,250
64 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 14,14214.1k $323.0k $323.0k 0.00% Added +1.4k +1,355
65 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 13,65313.7k $284.9k $284.9k 0.01% New
66 L.M. KOHN & COMPANY 0.08% of their portfolio CINCINNATI, OH 13,12813.1k $300.2k $300.2k 0.08% New
67 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 12,36112.4k $283.0k $283.0k 0.01% New
68 FSB PREMIER WEALTH MANAGEMENT, INC. 0.13% of their portfolio WATERLOO, IA 12,24512.2k $280.0k $280.0k 0.13% Added +1.9k +1,921
69 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 11,88111.9k $271.7k $271.7k 0.01% Reduced -942 -942
70 Trueblood Wealth Management, LLC 0.15% of their portfolio LIMA, OH 11,71711.7k $268.0k $268.0k 0.15% Reduced -3.3k -3,343
71 Clearwater Capital Advisors, LLC 0.03% of their portfolio HOFFMAN ESTATES, IL 11,48211.5k $262.6k $262.6k 0.03% Reduced -340 -340
72 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 11,06611.1k $253.1k $253.1k 0.01% Added +399 +399
73 ABLE Financial Group, LLC 0.09% of their portfolio SCOTTSDALE, AZ 10,57110.6k $241.8k $241.8k 0.09% Reduced -451 -451
74 Cyndeo Wealth Partners, LLC 0.02% of their portfolio ST. PETERSBURG, FL 10,34310.3k $236.5k $236.5k 0.02% Unchanged
75 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 10,26610.3k $234.8k $234.8k 0.01% Added +96 +96
76 Pine Valley Investments Ltd Liability Co 0.02% of their portfolio MARLTON, NJ 10,24710.2k $234.3k $234.3k 0.02% Added +63 +63
77 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 10,03710.0k $229.5k $229.5k 0.01% Reduced -452 -452
78 Element Wealth, LLC 0.13% of their portfolio RIDGELAND, MS 9,9039.9k $226.5k $226.5k 0.13% Reduced -574 -574
79 GeoWealth Management, LLC 0.01% of their portfolio CHICAGO, IL 9,8899.9k $226.2k $226.2k 0.01% New
80 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 9,8829.9k $226.0k $226.0k 0.02% New
81 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 9,4959.5k $217.2k $217.2k 0.01% New
82 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 9,4529.5k $216.2k $216.2k 0.00% Reduced -27 -27
83 Mariner, LLC 0.00% of their portfolio Overland Park, KS 9,1539.2k $209.3k $209.3k 0.00% New
84 Pinnacle Family Advisors, LLC 0.11% of their portfolio Springfield, MO 9,0729.1k $207.5k $207.5k 0.11% Added +17 +17
85 BENJAMIN EDWARDS INC 0.04% of their portfolio Clayton, MO 8,9749.0k $205.0k $205.0k 0.04% Reduced -599 -599
86 MEITAV INVESTMENT HOUSE LTD 0.00% of their portfolio BENE-BERAQ, L3 8,8938.9k $203.4k $203.4k 0.00% New
87 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 6,9216.9k $158.3k $158.3k 0.01% Reduced -222 -222
88 LANARK FINANCIAL, INC. 0.01% of their portfolio BIRMINGHAM, AL 6,5506.5k $149.0k $149.0k 0.01% Reduced -107 -107
89 EPG Wealth Management LLC 0.03% of their portfolio ATLANTA, GA 4,6254.6k $105.8k $105.8k 0.03% Added +14 +14
90 Tidemark, LLC 0.06% of their portfolio SAN DIEGO, CA 4,6254.6k $105.8k $105.8k 0.06% Reduced -980 -980
91 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 4,3994.4k $100.6k $100.6k 0.00% Added +521 +521
92 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 2,6572.7k $60.8k $60.8k 0.00% Unchanged
93 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 2,3112.3k $52.8k $52.8k 0.00% Reduced -10 -10
94 TUCKER ASSET MANAGEMENT LLC 0.01% of their portfolio LITTLETON, CO 1,9612.0k $44.8k $44.8k 0.01% Added +1.3k +1,253
95 Dunhill Financial, LLC 0.03% of their portfolio LONDON, X0 1,6631.7k $38.1k $38.1k 0.03% Reduced -3.1k -3,064
96 CITY HOLDING CO 0.00% of their portfolio CHARLESTON, WV 1,4501.4k $33.1k $33.1k 0.00% Unchanged
97 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 1,4411.4k $33.0k $33.0k 0.00% Reduced -269 -269
98 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,3311.3k $30.7k $30.7k 0.00% Added +268 +268
99 Tyler-Stone Wealth Management 0.01% of their portfolio Beachwood, OH 650650 $14.9k $14.9k 0.01% Unchanged
100 Financial Gravity Asset Management, Inc. 0.00% of their portfolio Lakeway, TX 530530 $11.7k $11.7k 0.00% Reduced -16 -16