Vault-13

FIRST TR EXCH TRADED FD III FMB

MANAGD MUN ETF · ETP · CUSIP 33739N108

299 institutional holders -7 vs Q1 2025
29,802,29729.8m shares reported held*
$1.5bnreported value*
24 new 105 added 131 reduced 31 sold out net sold ≈ $46.8m (-939.8k 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 ($1.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.82.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 287Q4 22: 276Q1 23: 273Q2 23: 277Q3 23: 275Q4 23: 299Q1 24: 297Q2 24: 300Q3 24: 304Q4 24: 312Q1 25: 306Q2 25: 299299Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022287
Q4 2022276
Q1 2023273
Q2 2023277
Q3 2023275
Q4 2023299
Q1 2024297
Q2 2024300
Q3 2024304
Q4 2024312
Q1 2025306
Q2 2025299

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 119 bought or addedQ3 23: 143 cut or sold outQ4 23: 121 bought or addedQ4 23: 155 cut or sold outQ4 23Q1 24: 146 bought or addedQ1 24: 134 cut or sold outQ2 24: 134 bought or addedQ2 24: 148 cut or sold outQ2 24Q3 24: 152 bought or addedQ3 24: 135 cut or sold outQ4 24: 151 bought or addedQ4 24: 134 cut or sold outQ4 24Q1 25: 139 bought or addedQ1 25: 156 cut or sold outQ2 25: 129 bought or addedQ2 25: 162 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023119143
Q4 2023121155
Q1 2024146134
Q2 2024134148
Q3 2024152135
Q4 2024151134
Q1 2025139156
Q2 2025129162

Biggest buyers

ROYAL BANK OF CANADA Added +600,258+600.3k
Rockefeller Capital Management L.P. Added +323,948+323.9k
Avantax Planning Partners, Inc. Added +197,138+197.1k
JANE STREET GROUP, LLC Added +157,782+157.8k
OneDigital Investment Advisors LLC Added +127,798+127.8k
MORGAN STANLEY Added +79,971+80.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +78,636+78.6k
DOHJ, LLC Added +68,096+68.1k
Composition Wealth, LLC Added +62,458+62.5k
TRUIST FINANCIAL CORP Added +44,362+44.4k

Biggest sellers

AVANTAX ADVISORY SERVICES, INC. Reduced -492,275-492.3k
Creative Planning Reduced -304,293-304.3k
Larson Financial Group LLC Reduced -297,545-297.5k
JPMORGAN CHASE & CO Reduced -254,914-254.9k
LPL Financial LLC Reduced -133,501-133.5k
HighTower Advisors, LLC Reduced -126,310-126.3k
ERn Financial, LLC Reduced -123,688-123.7k
Cambridge Investment Research Advisors, Inc. Reduced -122,441-122.4k
BANK OF AMERICA CORP /DE/ Reduced -113,182-113.2k
WELLS FARGO & COMPANY/MN Reduced -94,438-94.4k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,059,2633.1m $152.4m $152.4m 0.01% Added +80.0k +79,971
2 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,590,3382.6m $129.1m $129.1m 0.03% Reduced -94.4k -94,438
3 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,046,2672.0m $101.9m $101.9m 0.03% Reduced -133.5k -133,501
4 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,777,7261.8m $88.6m $88.6m 0.02% Added +30.4k +30,353
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,739,1711.7m $86.6m $86.6m 0.01% Reduced -113.2k -113,182
6 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,219,8301.2m $60.8m $60.8m 0.01% Added +600.3k +600,258
7 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,191,4231.2m $59.4m $59.4m 0.02% Added +34.1k +34,126
8 Avantax Planning Partners, Inc. 1.32% of their portfolio DUBUQUE, IA 836,330836.3k $41.7m $41.7m 1.32% Added +197.1k +197,138
9 Composition Wealth, LLC 0.60% of their portfolio LOS ANGELES, CA 711,979712.0k $35.5m $35.5m 0.60% Added +62.5k +62,458
10 OneDigital Investment Advisors LLC 0.31% of their portfolio OVERLAND PARK, KS 553,919553.9k $27.6m $27.6m 0.31% Added +127.8k +127,798
11 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 510,078510.1k $25.4m $25.4m 0.03% Added +323.9k +323,948
12 CW Advisors, LLC 0.23% of their portfolio BOSTON, MA 468,324468.3k $23.3m $23.3m 0.23% Added +2.9k +2,859
13 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 452,758452.8k $22.6m $22.6m 0.04% Reduced -42.4k -42,387
14 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 389,686389.7k $19.4m $19.4m 0.03% Added +5.3k +5,337
15 NewEdge Advisors, LLC 0.10% of their portfolio NEW ORLEANS, LA 375,894375.9k $18.7m $18.7m 0.10% Reduced -79.7k -79,728
16 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 371,440371.4k $18.5m $18.5m 0.03% Added +44.4k +44,362
17 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 368,042368.0k $18.3m $18.3m 0.02% Added +12.9k +12,895
18 RMR Wealth Builders 1.58% of their portfolio Montclair, NJ 349,793349.8k $17.4m $17.4m 1.58% Added +21.8k +21,785
19 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 348,165348.2k $17.3m $17.3m 0.01% Reduced -55.4k -55,422
20 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 347,312347.3k $17.3m $17.3m 0.03% Added +157.8k +157,782
21 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 336,696336.7k $16.8m $16.8m 0.04% Added +14.6k +14,649
22 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 256,842256.8k $12.8m $12.8m 0.02% Added +33.8k +33,820
23 Sequoia Financial Advisors, LLC 0.08% of their portfolio Akron, OH 227,364227.4k $11.3m $11.3m 0.08% Reduced -26.5k -26,454
24 CWA Asset Management Group, LLC 0.45% of their portfolio NAPLES, FL 214,457214.5k $10.7m $10.7m 0.45% Added +3.4k +3,404
25 Frisch Financial Group, Inc. 2.59% of their portfolio MELVILLE, NY 212,365212.4k $10.6m $10.6m 2.59% Added +6.7k +6,669
26 GM Advisory Group, LLC 0.52% of their portfolio MELVILLE, NY 212,000212.0k $10.6m $10.6m 0.52% Added +1.5k +1,472
27 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 202,251202.3k $10.1m $10.1m 0.00% Reduced -3.6k -3,553
28 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 200,291200.3k $10.0m $10.0m 0.03% Reduced -122.4k -122,441
29 MOTCO 0.89% of their portfolio SAN ANTONIO, TX 187,808187.8k $9.3m $9.3m 0.89% Reduced -7.0k -6,958
30 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 179,419179.4k $8.9m $8.9m 0.01% Reduced -28.2k -28,153
31 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 162,290162.3k $8.1m $8.1m 0.04% Reduced -2.7k -2,735
32 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 158,668158.7k $7.9m $7.9m 0.01% Added +4.7k +4,687
33 ERn Financial, LLC 1.56% of their portfolio MIDDLETON, WI 148,832148.8k $7.4m $7.4m 1.56% Reduced -123.7k -123,688
34 Focus Partners Advisor Solutions, LLC 0.09% of their portfolio SAINT LOUIS, MO 136,531136.5k $6.8m $6.8m 0.09% Reduced -12.2k -12,245
35 VERUS CAPITAL PARTNERS, LLC 0.58% of their portfolio SCOTTSDALE, AZ 130,418130.4k $6.5m $6.5m 0.58% Reduced -62.8k -62,840
36 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 129,871129.9k $6.5m $6.5m 0.03% Reduced -1.2k -1,223
37 JOURNEY STRATEGIC WEALTH LLC 0.21% of their portfolio SUMMIT, NJ 129,608129.6k $6.5m $6.5m 0.21% Reduced -11.3k -11,252
38 First Heartland Consultants, Inc. 0.57% of their portfolio LAKE ST. LOUIS, MO 129,347129.3k $6.4m $6.4m 0.57% Added +117 +117
39 AVANTAX ADVISORY SERVICES, INC. 0.04% of their portfolio DALLAS, TX 129,342129.3k $6.4m $6.4m 0.04% Reduced -492.3k -492,275
40 ARKANSAS FINANCIAL GROUP, INC. 0.96% of their portfolio LITTLE ROCK, AR 124,613124.6k $6.2m $6.2m 0.96% Added +362 +362
41 BCGM Wealth Management, LLC 1.73% of their portfolio LAFAYETTE, IN 123,313123.3k $6.1m $6.1m 1.73% Added +6.6k +6,568
42 Brady Martz Wealth Solutions, LLC 1.12% of their portfolio GRAND FORKS, ND 116,265116.3k $5.8m $5.8m 1.12% Reduced -12.0k -11,965
43 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 112,379112.4k $5.6m $5.6m 0.02% Reduced -3.1k -3,103
44 COMERICA BANK 0.02% of their portfolio DALLAS, TX 111,521111.5k $5.6m $5.6m 0.02% Added +26.1k +26,109
45 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 108,209108.2k $5.4m $5.4m 0.00% Added +14.7k +14,719
46 CWM, LLC 0.02% of their portfolio OMAHA, NE 106,677106.7k $5.3m $5.3m 0.02% Added +10.8k +10,756
47 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 105,634105.6k $5.3m $5.3m 0.01% Reduced -126.3k -126,310
48 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 102,523102.5k $5.1m $5.1m 0.03% Added +11.1k +11,106
49 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 101,440101.4k $5.1m $5.1m 0.00% Reduced -254.9k -254,914
50 LAKE STREET PRIVATE WEALTH, LLC 0.69% of their portfolio CHICAGO, IL 96,90096.9k $4.8m $4.8m 0.69% Unchanged
51 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 96,68296.7k $4.8m $4.8m 0.02% Added +19.0k +19,018
52 Magnus Financial Group LLC 0.41% of their portfolio NEW YORK, NY 94,43394.4k $4.7m $4.7m 0.41% Reduced -186 -186
53 Prestige Wealth Management Group LLC 0.93% of their portfolio FLEMINGTON, NJ 91,50491.5k $4.6m $4.6m 0.93% Reduced -6.9k -6,883
54 FSB PREMIER WEALTH MANAGEMENT, INC. 1.59% of their portfolio WATERLOO, IA 89,40289.4k $4.5m $4.5m 1.59% Added +1.6k +1,618
55 MGO ONE SEVEN LLC 0.14% of their portfolio Beachwood, OH 88,12788.1k $4.4m $4.4m 0.14% Reduced -870 -870
56 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 87,79287.8k $4.4m $4.4m 0.01% Added +36.1k +36,092
57 DOHJ, LLC 1.22% of their portfolio SEATTLE, WA 85,28685.3k $4.2m $4.2m 1.22% Added +68.1k +68,096
58 COUNTRY TRUST BANK 0.09% of their portfolio Bloomington, IL 84,99985.0k $4.2m $4.2m 0.09% Reduced -1.6k -1,578
59 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 82,49382.5k $4.1m $4.1m 0.00% Reduced -304.3k -304,293
60 Advance Capital Management, Inc. 0.19% of their portfolio SOUTHFIELD, MI 82,31282.3k $4.1m $4.1m 0.19% Reduced -5.7k -5,672
61 Etesian Wealth Advisors, Inc. 1.48% of their portfolio West Linn, OR 79,42079.4k $4.0m $4.0m 1.48% Reduced -2.3k -2,323
62 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 78,63678.6k $3.9m $3.9m 0.01% New
63 Elios Financial Group Inc. 1.71% of their portfolio WESTLAKE, OH 75,50775.5k $3.8m $3.8m 1.71% Added +3.8k +3,849
64 Blackhawk Capital Partners, LLC 1.68% of their portfolio THIENSVILLE, WI 73,26773.3k $3.7m $3.7m 1.68% Added +16.5k +16,537
65 Mariner, LLC 0.01% of their portfolio Overland Park, KS 72,13072.1k $3.6m $3.6m 0.01% Reduced -2.9k -2,904
66 First Horizon Advisors, Inc. 0.09% of their portfolio MEMPHIS, TN 70,57770.6k $3.5m $3.5m 0.09% Reduced -489 -489
67 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 68,83968.8k $3.4m $3.4m 0.03% Added +11.3k +11,271
68 Westside Investment Management, Inc. 0.63% of their portfolio SANTA MONICA, CA 68,35968.4k $3.4m $3.4m 0.63% Added +3.1k +3,100
69 Visionary Wealth Advisors 0.17% of their portfolio O'FALLON, IL 67,80667.8k $3.4m $3.4m 0.17% Reduced -4.2k -4,158
70 EdgeRock Capital LLC 1.05% of their portfolio DENVER, CO 66,71766.7k $3.3m $3.3m 1.05% Added +6.3k +6,332
71 ABLE Financial Group, LLC 0.80% of their portfolio SCOTTSDALE, AZ 66,63666.6k $3.3m $3.3m 0.80% Reduced -9.4k -9,394
72 Atlas Private Wealth Advisors 0.42% of their portfolio RED BANK, NJ 65,86065.9k $3.3m $3.3m 0.42% Reduced -9.7k -9,655
73 Prospera Financial Services Inc 0.06% of their portfolio Dallas, TX 61,46661.5k $3.1m $3.1m 0.06% Added +216 +216
74 Investment Planning Advisors, Inc. 1.03% of their portfolio CUMMING, GA 58,23458.2k $2.9m $2.9m 1.03% Added +588 +588
75 INSPIRION WEALTH ADVISORS, LLC 0.38% of their portfolio LIBERTYVILLE, IL 58,05358.1k $2.9m $2.9m 0.38% Reduced -2.2k -2,170
76 FOSTER & MOTLEY INC 0.17% of their portfolio CINCINNATI, OH 57,61157.6k $2.9m $2.9m 0.17% Added +14.9k +14,948
77 SENTINEL PENSION ADVISORS, LLC 0.47% of their portfolio WAKEFIELD, MA 56,09956.1k $2.8m $2.8m 0.47% Added +420 +420
78 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 55,03255.0k $2.7m $2.7m 0.03% Reduced -60.4k -60,404
79 Waverly Advisors, LLC 0.03% of their portfolio BIRMINGHAM, AL 54,92054.9k $2.7m $2.7m 0.03% Unchanged
80 Clearwater Capital Advisors, LLC 0.25% of their portfolio HOFFMAN ESTATES, IL 53,97954.0k $2.7m $2.7m 0.25% Added +4.9k +4,873
81 SteelPeak Wealth, LLC 0.10% of their portfolio WOODLAND HILLS, CA 53,88853.9k $2.7m $2.7m 0.10% Added +2.2k +2,210
82 Main Line Retirement Advisors, LLC 1.48% of their portfolio WHITEFISH, MT 52,12552.1k $2.6m $2.6m 1.48% Added +2.0k +2,031
83 Golden State Wealth Management, LLC 0.31% of their portfolio SANTA ANA, CA 51,75051.8k $2.6m $2.6m 0.31% Reduced -2.1k -2,110
84 Pine Valley Investments Ltd Liability Co 0.15% of their portfolio MARLTON, NJ 50,58350.6k $2.5m $2.5m 0.15% Added +3.9k +3,946
85 WealthCare Investment Partners, LLC 0.91% of their portfolio PORTSMOUTH, RI 50,56150.6k $2.5m $2.5m 0.91% Added +1.0k +1,033
86 Financial Advocates Investment Management 0.19% of their portfolio OLYMPIA, WA 47,53647.5k $2.4m $2.4m 0.19% Reduced -37.2k -37,187
87 Arax Advisory Partners 0.11% of their portfolio NEW YORK, NY 47,33547.3k $2.4m $2.4m 0.11% Added +19.4k +19,364
88 Landmark Wealth Management, LLC 1.00% of their portfolio MELVILLE, NY 47,07547.1k $2.3m $2.3m 1.00% Reduced -22.1k -22,076
89 HFG Wealth Management, LLC 1.44% of their portfolio The Woodlands, TX 46,86746.9k $2.4m $2.4m 1.44% Reduced -1.2k -1,170
90 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 46,34746.3k $2.3m $2.3m 0.02% Reduced -2.7k -2,725
91 Western Wealth Management, LLC 0.14% of their portfolio GOLDEN, CO 45,85045.9k $2.3m $2.3m 0.14% Reduced -3.2k -3,209
92 Weitzel Financial Services, Inc. 0.96% of their portfolio DUBUQUE, IA 45,28945.3k $2.3m $2.3m 0.96% Reduced -2.0k -2,000
93 Keystone Financial Group 0.20% of their portfolio LEXINGTON, KY 45,10245.1k $2.2m $2.2m 0.20% Added +2.0k +1,992
94 Legacy Private Trust Co. 0.14% of their portfolio NEENAH, WI 42,22142.2k $2.1m $2.1m 0.14% Reduced -7.7k -7,665
95 Per Stirling Capital Management, LLC. 0.27% of their portfolio AUSTIN, TX 41,89741.9k $2.1m $2.1m 0.27% Added +54 +54
96 Modern Wealth Management, LLC 0.05% of their portfolio KANSAS CITY, MO 41,82241.8k $2.1m $2.1m 0.05% Added +937 +937
97 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 39,08339.1k $1.9m $1.9m 0.02% Reduced -4.9k -4,899
98 Sigma Planning Corp 0.06% of their portfolio ANN ARBOR, MI 38,61738.6k $1.9m $1.9m 0.06% Added +474 +474
99 Heck Capital Advisors, LLC 0.16% of their portfolio Rhinelander, WI 38,46338.5k $1.9m $1.9m 0.16% Reduced -4.5k -4,462
100 Mutual Advisors, LLC 0.05% of their portfolio OMAHA, NE 37,56737.6k $1.9m $1.9m 0.05% Reduced -2.6k -2,563