Vault-13

FIRST TR EXCH TRADED FD III FMB

MANAGD MUN ETF · ETP · CUSIP 33739N108

297 institutional holders -10 vs Q4 2025
30,040,28330.0m shares reported held*
$1.5bnreported value*
17 new 143 added 91 reduced 23 sold out net bought ≈ $41.7m (+822.8k 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 ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.67.

Trends to Q1 2026

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: 299Q3 25: 282Q4 25: 307Q1 26: 297297Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025282
Q4 2025307
Q1 2026297

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 134 bought or addedQ2 24: 148 cut or sold outQ3 24: 152 bought or addedQ3 24: 135 cut or sold outQ3 24Q4 24: 151 bought or addedQ4 24: 134 cut or sold outQ1 25: 139 bought or addedQ1 25: 156 cut or sold outQ1 25Q2 25: 129 bought or addedQ2 25: 162 cut or sold outQ3 25: 126 bought or addedQ3 25: 145 cut or sold outQ3 25Q4 25: 140 bought or addedQ4 25: 136 cut or sold outQ1 26: 160 bought or addedQ1 26: 114 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024134148
Q3 2024152135
Q4 2024151134
Q1 2025139156
Q2 2025129162
Q3 2025126145
Q4 2025140136
Q1 2026160114

Biggest buyers

MORGAN STANLEY Added +394,679+394.7k
Independent Advisor Alliance New +234,268+234.3k
BANK OF AMERICA CORP /DE/ Added +221,955+222.0k
OneDigital Investment Advisors LLC Added +165,804+165.8k
Focus Partners Advisor Solutions, LLC New +135,459+135.5k
HighTower Advisors, LLC Added +111,710+111.7k
FIFTH THIRD BANCORP Added +84,450+84.5k
Uniting Wealth Partners, LLC New +74,667+74.7k
Cambridge Investment Research Advisors, Inc. Added +72,732+72.7k
Steward Partners Investment Advisory, LLC Added +68,958+69.0k

Biggest sellers

Composition Wealth, LLC Reduced -909,099-909.1k
TrueWealth Financial Partners Sold out -248,749-248.7k
JANE STREET GROUP, LLC Reduced -108,216-108.2k
Frisch Financial Group, Inc. Reduced -76,247-76.2k
ROYAL BANK OF CANADA Reduced -44,205-44.2k
SteelPeak Wealth, LLC Sold out -39,469-39.5k
CITIGROUP INC Reduced -35,819-35.8k
Tower Research Capital LLC (TRC) Sold out -29,034-29.0k
OLD MISSION CAPITAL LLC Reduced -19,965-20.0k
Transamerica Financial Advisors, LLC Reduced -19,232-19.2k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,340,2193.3m $169.2m $169.2m 0.01% Added +394.7k +394,679
2 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,428,7412.4m $123.0m $123.0m 0.02% Added +30.0k +30,043
3 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,328,6602.3m $118.0m $118.0m 0.03% Added +20.1k +20,135
4 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,046,7942.0m $103.7m $103.7m 0.01% Added +222.0k +221,955
5 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,904,0951.9m $96.5m $96.5m 0.02% Added +67.1k +67,127
6 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,224,3171.2m $62.0m $62.0m 0.02% Added +33.6k +33,604
7 Avantax Planning Partners, Inc. 1.17% of their portfolio DUBUQUE, IA 842,907842.9k $42.7m $42.7m 1.17% Reduced -11.5k -11,480
8 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 786,032786.0k $39.8m $39.8m 0.06% Reduced -12.3k -12,316
9 OneDigital Investment Advisors LLC 0.37% of their portfolio OVERLAND PARK, KS 744,427744.4k $37.7m $37.7m 0.37% Added +165.8k +165,804
10 Janney Montgomery Scott LLC 0.06% of their portfolio PHILADELPHIA, PA 468,362468.4k $23.7m $23.7m 0.06% Added +47.7k +47,710
11 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 430,414430.4k $22.4m $22.4m 0.03% Added +19.2k +19,188
12 NewEdge Advisors, LLC 0.08% of their portfolio NEW ORLEANS, LA 428,809428.8k $21.7m $21.7m 0.08% Added +23.0k +22,968
13 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 418,100418.1k $21.2m $21.2m 0.02% Added +8.6k +8,583
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 416,337416.3k $21.1m $21.1m 0.00% Reduced -44.2k -44,205
15 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 348,146348.1k $17.6m $17.6m 0.02% Reduced -2.2k -2,170
16 RMR Wealth Builders 1.33% of their portfolio Montclair, NJ 333,050333.1k $16.9m $16.9m 1.33% Added +17.4k +17,357
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 323,948323.9k $16.4m $16.4m 0.00% Added +24.9k +24,923
18 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 318,032318.0k $16.1m $16.1m 0.03% Added +22.2k +22,188
19 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 300,472300.5k $15.2m $15.2m 0.04% Added +72.7k +72,732
20 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 297,670297.7k $15.1m $15.1m 0.01% Added +7.7k +7,746
21 True Blue Financial, LLC 10.76% of their portfolio STEVENSVILLE, MI 269,428269.4k $13.6m $13.6m 10.76% Added +21.5k +21,459
22 Composition Wealth, LLC 0.18% of their portfolio LOS ANGELES, CA 253,946253.9k $12.9m $12.9m 0.18% Reduced -909.1k -909,099
23 GM Advisory Group, LLC 0.47% of their portfolio MELVILLE, NY 240,580240.6k $12.2m $12.2m 0.47% Reduced -4.3k -4,319
24 Independent Advisor Alliance 0.13% of their portfolio CHARLOTTE, NC 234,268234.3k $11.9m $11.9m 0.13% New
25 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 223,781223.8k $11.3m $11.3m 0.01% Added +44.8k +44,823
26 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 223,552223.6k $11.3m $11.3m 0.01% Added +12.6k +12,622
27 Frisch Financial Group, Inc. 2.33% of their portfolio MELVILLE, NY 220,140220.1k $11.2m $11.2m 2.33% Reduced -76.2k -76,247
28 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 185,709185.7k $9.4m $9.4m 0.00% Reduced -459 -459
29 MOTCO 0.87% of their portfolio SAN ANTONIO, TX 185,023185.0k $9.4m $9.4m 0.87% Reduced -154 -154
30 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 178,118178.1k $9.0m $9.0m 0.01% Added +111.7k +111,710
31 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 159,105159.1k $8.1m $8.1m 0.02% Added +11.5k +11,503
32 ERn Financial, LLC 1.45% of their portfolio MIDDLETON, WI 152,273152.3k $7.7m $7.7m 1.45% Reduced -6.5k -6,533
33 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 151,964152.0k $7.7m $7.7m 0.03% Added +7.3k +7,279
34 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 151,748151.7k $7.7m $7.7m 0.00% Reduced -35.8k -35,819
35 JOURNEY STRATEGIC WEALTH LLC 0.18% of their portfolio SUMMIT, NJ 146,105146.1k $7.4m $7.4m 0.18% Added +5.0k +5,032
36 First Heartland Consultants, Inc. 0.56% of their portfolio LAKE ST. LOUIS, MO 145,146145.1k $7.4m $7.4m 0.56% Added +14.9k +14,897
37 Sequoia Financial Advisors, LLC 0.04% of their portfolio Akron, OH 141,120141.1k $7.1m $7.1m 0.04% Reduced -14.2k -14,208
38 BCGM Wealth Management, LLC 1.76% of their portfolio LAFAYETTE, IN 138,020138.0k $7.0m $7.0m 1.76% Added +16.3k +16,267
39 Focus Partners Advisor Solutions, LLC 0.07% of their portfolio SAINT LOUIS, MO 135,459135.5k $6.9m $6.9m 0.07% New
40 HighPoint Advisor Group LLC 0.28% of their portfolio DOWNERS GROVE, IL 133,877133.9k $6.8m $6.8m 0.28% Reduced -16.3k -16,292
41 FOSTER & MOTLEY INC 0.33% of their portfolio CINCINNATI, OH 127,437127.4k $6.5m $6.5m 0.33% Added +18.5k +18,515
42 CWA Asset Management Group, LLC 0.22% of their portfolio NAPLES, FL 126,749126.7k $6.4m $6.4m 0.22% Reduced -7.1k -7,063
43 CWM, LLC 0.02% of their portfolio OMAHA, NE 123,047123.0k $6.2m $6.2m 0.02% Reduced -9.0k -9,015
44 Blackhawk Capital Partners, LLC 2.12% of their portfolio THIENSVILLE, WI 114,133114.1k $5.8m $5.8m 2.12% Added +39.6k +39,581
45 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 108,710108.7k $5.5m $5.5m 0.03% Added +69.0k +68,958
46 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 108,429108.4k $5.5m $5.5m 0.03% Added +6.0k +6,049
47 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 103,233103.2k $5.2m $5.2m 0.03% Reduced -509 -509
48 Brady Martz Wealth Solutions, LLC 0.86% of their portfolio GRAND FORKS, ND 100,042100.0k $5.1m $5.1m 0.86% Reduced -304 -304
49 Gateway Wealth Partners, LLC 0.19% of their portfolio APPLETON, WI 97,52497.5k $4.9m $4.9m 0.19% Added +48.1k +48,145
50 Summit Financial, LLC 0.06% of their portfolio PARSIPPANY, NJ 96,88496.9k $4.9m $4.9m 0.06% Reduced -2.5k -2,544
51 MGO ONE SEVEN LLC 0.10% of their portfolio Beachwood, OH 96,74096.7k $4.9m $4.9m 0.10% Added +10.4k +10,375
52 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 94,35694.4k $4.8m $4.8m 0.00% Added +8.0k +8,020
53 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 93,63793.6k $4.8m $4.8m 0.03% Added +9.1k +9,078
54 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 92,75992.8k $4.7m $4.7m 0.01% Reduced -13.5k -13,521
55 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 91,78691.8k $4.6m $4.6m 0.00% Reduced -108.2k -108,216
56 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 88,79488.8k $4.5m $4.5m 0.02% Added +4.5k +4,550
57 FSB PREMIER WEALTH MANAGEMENT, INC. 1.38% of their portfolio WATERLOO, IA 87,19487.2k $4.4m $4.4m 1.38% Added +3.1k +3,109
58 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 86,92486.9k $4.4m $4.4m 0.01% Added +84.5k +84,450
59 Etesian Wealth Advisors, Inc. 1.40% of their portfolio West Linn, OR 86,69886.7k $4.4m $4.4m 1.40% Added +3.4k +3,424
60 COUNTRY TRUST BANK 0.08% of their portfolio Bloomington, IL 84,88784.9k $4.3m $4.3m 0.08% Added +5.6k +5,620
61 Magnus Financial Group LLC 0.35% of their portfolio NEW YORK, NY 84,02284.0k $4.3m $4.3m 0.35% Reduced -284 -284
62 Prestige Wealth Management Group LLC 0.83% of their portfolio FLEMINGTON, NJ 83,71283.7k $4.2m $4.2m 0.83% Added +9.7k +9,706
63 LAKE STREET PRIVATE WEALTH, LLC 0.54% of their portfolio CHICAGO, IL 83,50083.5k $4.2m $4.2m 0.54% Reduced -6.7k -6,700
64 Advance Capital Management, Inc. 0.16% of their portfolio SOUTHFIELD, MI 82,57182.6k $4.2m $4.2m 0.16% Added +17.9k +17,895
65 Investment Planning Advisors, Inc. 1.07% of their portfolio CUMMING, GA 76,79576.8k $3.9m $3.9m 1.07% Added +1.7k +1,689
66 EdgeRock Capital LLC 1.05% of their portfolio DENVER, CO 76,36276.4k $3.9m $3.9m 1.05% Added +3.8k +3,761
67 Uniting Wealth Partners, LLC 0.81% of their portfolio DENVER, CO 74,66774.7k $3.8m $3.8m 0.81% New
68 Arax Advisory Partners 0.11% of their portfolio NEW YORK, NY 74,09274.1k $3.8m $3.8m 0.11% Added +7.7k +7,709
69 Westside Investment Management, Inc. 0.57% of their portfolio SANTA MONICA, CA 72,95973.0k $3.7m $3.7m 0.57% Added +4.7k +4,700
70 Per Stirling Capital Management, LLC. 0.38% of their portfolio AUSTIN, TX 67,83767.8k $3.4m $3.4m 0.38% Added +4.1k +4,100
71 Mariner, LLC 0.00% of their portfolio Overland Park, KS 67,48167.5k $3.4m $3.4m 0.00% Reduced -1.2k -1,220
72 Landmark Wealth Management, LLC 0.90% of their portfolio MELVILLE, NY 66,47566.5k $3.4m $3.4m 0.90% Added +9.4k +9,370
73 Mutual Advisors, LLC 0.07% of their portfolio OMAHA, NE 66,39466.4k $3.4m $3.4m 0.07% Added +5.5k +5,497
74 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 66,29366.3k $3.4m $3.4m 0.01% Added +47.1k +47,131
75 Seascape Capital Management 0.94% of their portfolio PORTSMOUTH, NH 64,25064.2k $3.3m $3.3m 0.94% Unchanged
76 ARKANSAS FINANCIAL GROUP, INC. 0.45% of their portfolio LITTLE ROCK, AR 63,54663.5k $3.2m $3.2m 0.45% Reduced -1.4k -1,380
77 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 63,51963.5k $3.2m $3.2m 0.02% Added +16.5k +16,467
78 Hedeker Wealth, LLC 0.67% of their portfolio Lincolnshire, IL 62,64462.6k $3.2m $3.2m 0.67% Added +40.5k +40,531
79 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 61,32061.3k $3.1m $3.1m 0.00% Added +19.4k +19,355
80 WealthCare Investment Partners, LLC 0.82% of their portfolio PORTSMOUTH, RI 58,43558.4k $3.0m $3.0m 0.82% Added +2.0k +1,998
81 CAPITAL FINANCIAL GROUP INC\CO\ /ADV 1.57% of their portfolio LITTLETON, CO 56,52056.5k $2.9m $2.9m 1.57% Added +570 +570
82 Prospera Financial Services Inc 0.05% of their portfolio Dallas, TX 56,03456.0k $2.8m $2.8m 0.05% Added +2.0k +2,028
83 Clearwater Capital Advisors, LLC 0.22% of their portfolio HOFFMAN ESTATES, IL 54,62754.6k $2.8m $2.8m 0.22% Reduced -623 -623
84 INSPIRION WEALTH ADVISORS, LLC 0.33% of their portfolio LIBERTYVILLE, IL 51,93851.9k $2.6m $2.6m 0.33% Reduced -4.5k -4,520
85 Pine Valley Investments Ltd Liability Co 0.13% of their portfolio MARLTON, NJ 51,66151.7k $2.6m $2.6m 0.13% Added +3.0k +3,011
86 ABLE Financial Group, LLC 0.51% of their portfolio SCOTTSDALE, AZ 51,31251.3k $2.6m $2.6m 0.51% Added +1.2k +1,165
87 SENTINEL PENSION ADVISORS, LLC 0.38% of their portfolio WAKEFIELD, MA 51,03851.0k $2.6m $2.6m 0.38% Reduced -2.9k -2,906
88 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 49,03349.0k $2.5m $2.5m 0.00% Added +9.1k +9,055
89 HARBOUR INVESTMENTS, INC. 0.04% of their portfolio MADISON, WI 46,23746.2k $2.3m $2.3m 0.04% Added +17.5k +17,502
90 Golden State Wealth Management, LLC 0.25% of their portfolio SANTA ANA, CA 44,92544.9k $2.3m $2.3m 0.25% Reduced -6.4k -6,418
91 Western Wealth Management, LLC 0.08% of their portfolio GOLDEN, CO 43,97144.0k $2.2m $2.2m 0.08% Added +3.9k +3,925
92 ARWA LLC 1.10% of their portfolio FORT WORTH, TX 43,53243.5k $2.2m $2.2m 1.10% Added +30.5k +30,487
93 Logan Stone Capital, LLC 0.61% of their portfolio CHICAGO, IL 43,10643.1k $2.2m $2.2m 0.61% New
94 Heck Capital Advisors, LLC 0.16% of their portfolio Rhinelander, WI 42,66342.7k $2.2m $2.2m 0.16% Added +6.0k +5,953
95 HFG Wealth Management, LLC 1.15% of their portfolio The Woodlands, TX 41,07241.1k $2.1m $2.1m 1.15% Added +5.7k +5,742
96 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 40,15040.1k $2.0m $2.0m 0.00% Reduced -1.5k -1,458
97 PRINCIPAL SECURITIES, INC. 0.03% of their portfolio DES MOINES, IA 38,04138.0k $1.9m $1.9m 0.03% Added +1.2k +1,219
98 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 37,92637.9k $1.9m $1.9m 0.01% Added +2.8k +2,771
99 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 37,85237.9k $1.9m $1.9m 0.02% Added +7.3k +7,302
100 ELEVATION POINT WEALTH PARTNERS, LLC 0.05% of their portfolio DENVER, CO 37,85237.9k $1.9m $1.9m 0.05% Added +7.3k +7,302