FIRST TR EXCH TRD ALPHDX FD FEMS
EM SML CP ALPH · ETP · CUSIP 33737J307
66
institutional holders
-2 vs Q1 2026
3.4m
shares reported held*
$155.0mreported value*
6 new
29 added
20 reduced
8 sold out
net bought ≈ $4.1m (+90.9k 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. Holder counts are more reliable. Implied quarter-end price ≈ $45.64.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 48 |
| Q4 2022 | 59 |
| Q1 2023 | 74 |
| Q2 2023 | 70 |
| Q3 2023 | 72 |
| Q4 2023 | 78 |
| Q1 2024 | 72 |
| Q2 2024 | 76 |
| Q3 2024 | 74 |
| Q4 2024 | 70 |
| Q1 2025 | 68 |
| Q2 2025 | 63 |
| Q3 2025 | 63 |
| Q4 2025 | 70 |
| Q1 2026 | 68 |
| Q2 2026 | 66 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 36 | 31 |
| Q4 2024 | 28 | 36 |
| Q1 2025 | 32 | 31 |
| Q2 2025 | 27 | 38 |
| Q3 2025 | 25 | 29 |
| Q4 2025 | 30 | 31 |
| Q1 2026 | 39 | 28 |
| Q2 2026 | 35 | 28 |
Biggest buyers
| Archer Investment Corp | Added | +74.1k |
| WELLS FARGO & COMPANY/MN | Added | +51.2k |
| Trivium Point Advisory, LLC | Added | +44.5k |
| OLD MISSION CAPITAL LLC | Added | +32.8k |
| LPL Financial LLC | Added | +29.7k |
| Baird Financial Group, Inc. | Added | +28.0k |
| LeClair Wealth Partners LLC | New | +18.3k |
| Farther Finance Advisors, LLC | Added | +18.2k |
| Steward Partners Investment Advisory, LLC | Added | +16.8k |
| Beta Wealth Group, Inc. | Added | +15.5k |
Biggest sellers
| NewEdge Advisors, LLC | Sold out | -82.0k |
| Independent Advisor Alliance | Sold out | -72.4k |
| MORGAN STANLEY | Reduced | -33.7k |
| FLOW TRADERS U.S. LLC | Reduced | -26.0k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -18.4k |
| Integrated Wealth Concepts LLC | Reduced | -18.2k |
| CITADEL ADVISORS LLC | Reduced | -9.5k |
| UBS Group AG | Reduced | -5.3k |
| PRINCIPAL SECURITIES, INC. | Sold out | -5.3k |
| Indivisible Partners | Sold out | -5.3k |
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 466.1k $21.3m | Reduced -33.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 443.1k $20.2m | Added +51.2k |
| LPL Financial LLC 0.00% of their portfolio | 272.5k $12.4m | Added +29.7k |
| Beta Wealth Group, Inc. 3.60% of their portfolio | 210.2k $9.6m | Added +15.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 201.8k $9.2m | Reduced -18.4k |
| Arax Advisory Partners 0.04% of their portfolio | 146.4k $6.7m | Added +11.3k |
| 626 Financial, LLC 2.61% of their portfolio | 146.4k $6.7m | Added +6.0k |
| Archer Investment Corp 0.63% of their portfolio | 143.2k $6.5m | Added +74.1k |
| Private Advisor Group, LLC 0.03% of their portfolio | 119.8k $5.5m | Reduced -1.3k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 98.9k $4.5m | Added +3.6k |
| VestGen Advisors, LLC 0.10% of their portfolio | 76.4k $3.5m | Added +3.2k |
| Cetera Investment Advisers 0.00% of their portfolio | 74.9k $3.4m | Added +760 |
| Baird Financial Group, Inc. 0.00% of their portfolio | 68.9k $3.1m | Added +28.0k |
| FLOW TRADERS U.S. LLC 0.12% of their portfolio | 64.8k $3.0m | Reduced -26.0k |
| Trivium Point Advisory, LLC 0.26% of their portfolio | 61.7k $2.8m | Added +44.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 60.5k $2.8m | Added +8.0k |
| HBW ADVISORY SERVICES LLC 0.23% of their portfolio | 56.0k $2.6m | Added +4.8k |
| Crusonia Wealth Advisors LLC 0.41% of their portfolio | 54.3k $2.5m | Added +11 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 51.9k $2.4m | Added +1.6k |
| OLD MISSION CAPITAL LLC 0.06% of their portfolio | 49.7k $2.3m | Added +32.8k |
| UBS Group AG 0.00% of their portfolio | 44.9k $2.1m | Reduced -5.3k |
| Cornerstone Planning Group LLC 0.25% of their portfolio | 44.4k $2.0m | Reduced -3.5k |
| Quad-Cities Investment Group, LLC 0.72% of their portfolio | 44.1k $2.0m | Reduced -1.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 40.6k $1.9m | Reduced -1.2k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 35.9k $1.6m | Added +5.1k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 29.7k $1.4m | Added +439 |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 29.4k $1.3m | Added +16.8k |
| Farther Finance Advisors, LLC 0.01% of their portfolio | 25.6k $1.2m | Added +18.2k |
| LeClair Wealth Partners LLC 0.43% of their portfolio | 18.3k $835.4k | New |
| SFI Advisors, LLC 0.63% of their portfolio | 16.1k $734.4k | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 15.8k $721.6k | Added +92 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 14.5k $661.1k | Reduced -9.5k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 14.3k $654.8k | Added +933 |
| RVW Wealth, LLC 0.04% of their portfolio | 13.6k $621.8k | Added +14 |
| Migdal Insurance & Financial Holdings Ltd. 0.00% of their portfolio | 13.0k $591.6k | Added +6.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 11.9k $543.0k | Reduced -2.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 11.6k $531.1k | Reduced -116 |
| Western Wealth Management, LLC 0.02% of their portfolio | 10.9k $497.2k | Reduced -154 |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 10.8k $493.0k | New |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 10.2k $467.7k | Reduced -18.2k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 8.7k $399.0k | Reduced -1.9k |
| SUMMIT WEALTH GROUP LLC / CO 0.03% of their portfolio | 8.3k $379.8k | Added +2.9k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.02% of their portfolio | 7.8k $358.3k | Reduced -931 |
| Equitable Holdings, Inc. 0.00% of their portfolio | 7.8k $356.8k | Added +688 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 5.9k $270.2k | Reduced -4.8k |
| STONEHAVEN WEALTH & TAX SOLUTIONS, LLC 0.20% of their portfolio | 5.5k $252.0k | Added +466 |
| Merit Financial Group, LLC 0.00% of their portfolio | 5.0k $226.8k | Added +142 |
| Pinnacle Bancorp, Inc. 0.06% of their portfolio | 4.9k $222.8k | Unchanged |
| Richmond Investment Services, LLC 0.07% of their portfolio | 4.6k $210.4k | Reduced -4.6k |
| Keystone Financial Group 0.01% of their portfolio | 4.5k $204.4k | New |
| PRIVATE TRUST CO NA 0.01% of their portfolio | 2.1k $94.8k | Reduced -3.2k |
| MCF Advisors LLC 0.00% of their portfolio | 1.4k $64.3k | New |
| Global Retirement Partners, LLC 0.00% of their portfolio | 1.3k $59.3k | First filing |
| Tidemark, LLC 0.01% of their portfolio | 1.3k $57.1k | New |
| Sankala Group LLC 0.04% of their portfolio | 1.2k $55.8k | Reduced -529 |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 1.1k $48.7k | Unchanged |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 902 $41.2k | Unchanged |
| Cassaday & Co Wealth Management LLC 0.00% of their portfolio | 243 $11.1k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 150 $6.8k | Unchanged |
| Ashton Thomas Private Wealth, LLC 0.00% of their portfolio | 135 $6.2k | New |
| AE Wealth Management LLC 0.00% of their portfolio | 104 $4.7k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 98 $4.5k | Added +1 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 70 $3.2k | Reduced -864 |
| Davis Capital Management 0.00% of their portfolio | 34 $1.6k | Unchanged |
| Trust Co 0.00% of their portfolio | 14 $639 | Unchanged |
| Hilton Head Capital Partners, LLC 0.00% of their portfolio | 6 $274 | Unchanged |