Vault-13

FIRST TR EXCH TRADED FD III FMB

MANAGD MUN ETF · ETP · CUSIP 33739N108

308 institutional holders +11 vs Q1 2026
30,914,04730.9m shares reported held*
$1.6bnreported value*
28 new 137 added 87 reduced 15 sold out net bought ≈ $67.1m (+1.3m 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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $51.36.

Trends to Q2 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: 297Q2 26: 308308Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026308

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q3 25: 126 bought or addedQ3 25: 145 cut or sold outQ4 25: 140 bought or addedQ4 25: 136 cut or sold outQ4 25Q1 26: 160 bought or addedQ1 26: 114 cut or sold outQ2 26: 165 bought or addedQ2 26: 102 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024152135
Q4 2024151134
Q1 2025139156
Q2 2025129162
Q3 2025126145
Q4 2025140136
Q1 2026160114
Q2 2026165102

Biggest buyers

Cambridge Investment Research Advisors, Inc. Added +362,390+362.4k
Wealthspire Advisors, LLC New +245,248+245.2k
Vise Technologies, Inc. New +169,893+169.9k
MORGAN STANLEY Added +155,906+155.9k
OSAIC HOLDINGS, INC. Added +125,875+125.9k
LPL Financial LLC Added +94,492+94.5k
NewEdge Advisors, LLC Added +68,875+68.9k
Integrated Wealth Concepts LLC Added +66,268+66.3k
Logan Stone Capital, LLC Added +65,955+66.0k
Elequin Capital, LP New +58,398+58.4k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -301,317-301.3k
Independent Advisor Alliance Sold out -234,268-234.3k
Summit Financial, LLC Reduced -86,087-86.1k
JANE STREET GROUP, LLC Reduced -57,186-57.2k
HFG Wealth Management, LLC Reduced -30,909-30.9k
Gateway Wealth Partners, LLC Reduced -29,476-29.5k
LAKE STREET PRIVATE WEALTH, LLC Reduced -27,000-27.0k
Atria Investments, Inc Sold out -21,869-21.9k
Cetera Investment Advisers Reduced -21,422-21.4k
Merit Financial Group, LLC Reduced -21,154-21.2k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,496,1253.5m $179.6m $179.6m 0.01% Added +155.9k +155,906
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,423,1522.4m $124.5m $124.5m 0.03% Added +94.5k +94,492
3 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,127,4242.1m $109.3m $109.3m 0.02% Reduced -301.3k -301,317
4 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,078,1132.1m $106.7m $106.7m 0.01% Added +31.3k +31,319
5 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,891,6491.9m $97.2m $97.2m 0.02% Reduced -12.4k -12,446
6 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,256,7091.3m $64.6m $64.6m 0.02% Added +32.4k +32,392
7 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 911,907911.9k $46.8m $46.8m 0.06% Added +125.9k +125,875
8 Avantax Planning Partners, Inc. 1.07% of their portfolio DUBUQUE, IA 837,252837.3k $43.0m $43.0m 1.07% Reduced -5.7k -5,655
9 OneDigital Investment Advisors LLC 0.34% of their portfolio OVERLAND PARK, KS 782,447782.4k $40.2m $40.2m 0.34% Added +38.0k +38,020
10 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 662,862662.9k $34.0m $34.0m 0.04% Added +362.4k +362,390
11 Janney Montgomery Scott LLC 0.05% of their portfolio PHILADELPHIA, PA 519,985520.0k $26.7m $26.7m 0.05% Added +51.6k +51,623
12 NewEdge Advisors, LLC 0.08% of their portfolio NEW ORLEANS, LA 497,684497.7k $25.6m $25.6m 0.08% Added +68.9k +68,875
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 443,110443.1k $22.8m $22.8m 0.00% Added +26.8k +26,773
14 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 428,848428.8k $22.0m $22.0m 0.03% Reduced -1.6k -1,566
15 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 396,678396.7k $20.4m $20.4m 0.02% Reduced -21.4k -21,422
16 RMR Wealth Builders 1.12% of their portfolio Montclair, NJ 351,741351.7k $18.1m $18.1m 1.12% Added +18.7k +18,691
17 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 349,602349.6k $18.0m $18.0m 0.02% Added +1.5k +1,456
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 345,208345.2k $17.7m $17.7m 0.00% Added +21.3k +21,260
19 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 323,763323.8k $16.6m $16.6m 0.03% Added +5.7k +5,731
20 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 298,518298.5k $15.3m $15.3m 0.01% Added +848 +848
21 True Blue Financial, LLC 6.11% of their portfolio STEVENSVILLE, MI 281,978282.0k $14.5m $14.5m 6.11% Added +12.6k +12,550
22 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 273,980274.0k $14.1m $14.1m 0.01% Added +50.2k +50,199
23 Composition Wealth, LLC 0.15% of their portfolio LOS ANGELES, CA 251,295251.3k $12.9m $12.9m 0.15% Reduced -2.7k -2,651
24 Wealthspire Advisors, LLC 0.07% of their portfolio NEW YORK, NY 245,248245.2k $12.6m $12.6m 0.07% New
25 Frisch Financial Group, Inc. 2.01% of their portfolio MELVILLE, NY 228,347228.3k $11.7m $11.7m 2.01% Added +8.2k +8,207
26 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 209,609209.6k $10.8m $10.8m 0.01% Reduced -13.9k -13,943
27 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 186,856186.9k $9.6m $9.6m 0.02% Added +27.8k +27,751
28 MOTCO 0.81% of their portfolio SAN ANTONIO, TX 185,023185.0k $9.5m $9.5m 0.81% Unchanged
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 184,281184.3k $9.5m $9.5m 0.00% Reduced -1.4k -1,428
30 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 179,008179.0k $9.2m $9.2m 0.01% Added +890 +890
31 Vise Technologies, Inc. 0.10% of their portfolio NEW YORK, NY 169,893169.9k $8.7m $8.7m 0.10% New
32 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 164,013164.0k $8.4m $8.4m 0.03% Added +12.0k +12,049
33 First Heartland Consultants, Inc. 0.53% of their portfolio LAKE ST. LOUIS, MO 158,769158.8k $8.2m $8.2m 0.53% Added +13.6k +13,623
34 ERn Financial, LLC 1.30% of their portfolio MIDDLETON, WI 152,769152.8k $7.8m $7.8m 1.30% Added +496 +496
35 FOSTER & MOTLEY INC 0.36% of their portfolio CINCINNATI, OH 152,469152.5k $7.8m $7.8m 0.36% Added +25.0k +25,032
36 BCGM Wealth Management, LLC 1.61% of their portfolio LAFAYETTE, IN 147,834147.8k $7.6m $7.6m 1.61% Added +9.8k +9,814
37 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 147,830147.8k $7.6m $7.6m 0.00% Reduced -3.9k -3,918
38 Focus Partners Advisor Solutions, LLC 0.06% of their portfolio SAINT LOUIS, MO 134,362134.4k $6.9m $6.9m 0.06% Reduced -1.1k -1,097
39 Sequoia Financial Advisors, LLC 0.03% of their portfolio Akron, OH 134,195134.2k $6.9m $6.9m 0.03% Reduced -6.9k -6,925
40 HighPoint Advisor Group LLC 0.24% of their portfolio DOWNERS GROVE, IL 130,420130.4k $6.7m $6.7m 0.24% Reduced -3.5k -3,457
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 127,378127.4k $6.5m $6.5m 0.00% Added +33.0k +33,022
42 CWA Asset Management Group, LLC 0.20% of their portfolio NAPLES, FL 127,174127.2k $6.5m $6.5m 0.20% Added +425 +425
43 Blackhawk Capital Partners, LLC 1.95% of their portfolio THIENSVILLE, WI 115,918115.9k $6.0m $6.0m 1.95% Added +1.8k +1,785
44 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 113,429113.4k $5.8m $5.8m 0.01% Added +20.7k +20,670
45 Arax Advisory Partners 0.04% of their portfolio NEW YORK, NY 111,229111.2k $5.7m $5.7m 0.04% Added +37.1k +37,137
46 Logan Stone Capital, LLC 1.18% of their portfolio CHICAGO, IL 109,061109.1k $5.6m $5.6m 1.18% Added +66.0k +65,955
47 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 108,351108.4k $5.6m $5.6m 0.03% Reduced -359 -359
48 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 105,378105.4k $5.4m $5.4m 0.02% Reduced -3.1k -3,051
49 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 104,206104.2k $5.4m $5.4m 0.02% Added +973 +973
50 MGO ONE SEVEN LLC 0.09% of their portfolio Beachwood, OH 100,177100.2k $5.1m $5.1m 0.09% Added +3.4k +3,437
51 Brady Martz Wealth Solutions, LLC 0.76% of their portfolio GRAND FORKS, ND 97,54997.5k $5.0m $5.0m 0.76% Reduced -2.5k -2,493
52 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 96,31396.3k $4.9m $4.9m 0.03% Added +2.7k +2,676
53 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 95,49395.5k $4.9m $4.9m 0.02% Added +6.7k +6,699
54 Advance Capital Management, Inc. 0.15% of their portfolio SOUTHFIELD, MI 91,52291.5k $4.7m $4.7m 0.15% Added +9.0k +8,951
55 COUNTRY TRUST BANK 0.08% of their portfolio Bloomington, IL 88,13388.1k $4.5m $4.5m 0.08% Added +3.2k +3,246
56 FSB PREMIER WEALTH MANAGEMENT, INC. 1.26% of their portfolio WATERLOO, IA 87,08987.1k $4.5m $4.5m 1.26% Reduced -105 -105
57 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 86,97187.0k $4.5m $4.5m 0.02% Added +66.3k +66,268
58 Magnus Financial Group LLC 0.31% of their portfolio NEW YORK, NY 85,92385.9k $4.4m $4.4m 0.31% Added +1.9k +1,901
59 Etesian Wealth Advisors, Inc. 1.30% of their portfolio West Linn, OR 85,58185.6k $4.4m $4.4m 1.30% Reduced -1.1k -1,117
60 Prestige Wealth Management Group LLC 0.77% of their portfolio FLEMINGTON, NJ 83,00283.0k $4.3m $4.3m 0.77% Reduced -710 -710
61 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 80,70580.7k $4.1m $4.1m 0.01% Reduced -6.2k -6,219
62 Uniting Wealth Partners, LLC 0.81% of their portfolio DENVER, CO 77,57877.6k $4.0m $4.0m 0.81% Added +2.9k +2,911
63 Investment Planning Advisors, Inc. 0.92% of their portfolio CUMMING, GA 77,54077.5k $4.0m $4.0m 0.92% Added +745 +745
64 Landmark Wealth Management, LLC 0.88% of their portfolio MELVILLE, NY 71,87271.9k $3.7m $3.7m 0.88% Added +5.4k +5,397
65 Westside Investment Management, Inc. 0.48% of their portfolio SANTA MONICA, CA 70,95071.0k $3.6m $3.6m 0.48% Reduced -2.0k -2,009
66 EdgeRock Capital LLC 0.80% of their portfolio DENVER, CO 68,97169.0k $3.5m $3.5m 0.80% Reduced -7.4k -7,391
67 Mariner, LLC 0.00% of their portfolio Overland Park, KS 68,56268.6k $3.5m $3.5m 0.00% Added +1.1k +1,081
68 Gateway Wealth Partners, LLC 0.21% of their portfolio APPLETON, WI 68,04868.0k $3.5m $3.5m 0.21% Reduced -29.5k -29,476
69 Mutual Advisors, LLC 0.07% of their portfolio OMAHA, NE 67,76967.8k $3.5m $3.5m 0.07% Added +1.4k +1,375
70 ABLE Financial Group, LLC 0.56% of their portfolio SCOTTSDALE, AZ 64,82964.8k $3.3m $3.3m 0.56% Added +13.5k +13,517
71 Seascape Capital Management 0.79% of their portfolio PORTSMOUTH, NH 64,25064.2k $3.3m $3.3m 0.79% Unchanged
72 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 63,75263.8k $3.3m $3.3m 0.02% Added +233 +233
73 ARKANSAS FINANCIAL GROUP, INC. 0.42% of their portfolio LITTLE ROCK, AR 63,30463.3k $3.3m $3.3m 0.42% Reduced -242 -242
74 VAQUERO PRIVATE WEALTH, LTD 0.66% of their portfolio DALLAS, TX 62,46362.5k $3.2m $3.2m 0.66% First filing
75 Per Stirling Capital Management, LLC. 0.29% of their portfolio AUSTIN, TX 60,23060.2k $3.1m $3.1m 0.29% Reduced -7.6k -7,607
76 WealthCare Investment Partners, LLC 0.74% of their portfolio PORTSMOUTH, RI 59,00059.0k $3.0m $3.0m 0.74% Added +565 +565
77 Elequin Capital, LP 0.10% of their portfolio NEW YORK, NY 58,39858.4k $3.0m $3.0m 0.10% New
78 Prospera Financial Services Inc 0.04% of their portfolio Dallas, TX 57,36857.4k $2.9m $2.9m 0.04% Added +1.3k +1,334
79 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 57,26957.3k $2.9m $2.9m 0.00% Reduced -9.0k -9,024
80 Hedeker Wealth, LLC 0.56% of their portfolio Lincolnshire, IL 56,78556.8k $2.9m $2.9m 0.56% Reduced -5.9k -5,859
81 CAPITAL FINANCIAL GROUP INC\CO\ /ADV 1.52% of their portfolio LITTLETON, CO 56,56056.6k $2.9m $2.9m 1.52% Added +40 +40
82 LAKE STREET PRIVATE WEALTH, LLC 0.33% of their portfolio CHICAGO, IL 56,50056.5k $2.9m $2.9m 0.33% Reduced -27.0k -27,000
83 ARWA LLC 1.18% of their portfolio FORT WORTH, TX 55,65055.6k $2.8m $2.8m 1.18% Added +12.1k +12,118
84 Clearwater Capital Advisors, LLC 0.21% of their portfolio HOFFMAN ESTATES, IL 55,55355.6k $2.9m $2.9m 0.21% Added +926 +926
85 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 54,93854.9k $2.8m $2.8m 0.02% Added +17.0k +17,012
86 INSPIRION WEALTH ADVISORS, LLC 0.30% of their portfolio LIBERTYVILLE, IL 51,53851.5k $2.6m $2.6m 0.30% Reduced -400 -400
87 SENTINEL PENSION ADVISORS, LLC 0.34% of their portfolio WAKEFIELD, MA 51,21851.2k $2.6m $2.6m 0.34% Added +180 +180
88 Pine Valley Investments Ltd Liability Co 0.11% of their portfolio MARLTON, NJ 48,91548.9k $2.5m $2.5m 0.11% Reduced -2.7k -2,746
89 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 44,98345.0k $2.3m $2.3m 0.00% Reduced -4.0k -4,050
90 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 44,54244.5k $2.3m $2.3m 0.00% Reduced -16.8k -16,778
91 PRINCIPAL SECURITIES, INC. 0.03% of their portfolio DES MOINES, IA 44,03344.0k $2.3m $2.3m 0.03% Added +6.0k +5,992
92 Golden State Wealth Management, LLC 0.20% of their portfolio SANTA ANA, CA 43,39143.4k $2.2m $2.2m 0.20% Reduced -1.5k -1,534
93 Heck Capital Advisors, LLC 0.13% of their portfolio Rhinelander, WI 42,98343.0k $2.2m $2.2m 0.13% Added +320 +320
94 HARBOUR INVESTMENTS, INC. 0.03% of their portfolio MADISON, WI 42,91742.9k $2.2m $2.2m 0.03% Reduced -3.3k -3,320
95 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 42,47942.5k $2.2m $2.2m 0.02% Added +4.6k +4,627
96 ELEVATION POINT WEALTH PARTNERS, LLC 0.04% of their portfolio DENVER, CO 42,47942.5k $2.2m $2.2m 0.04% Added +4.6k +4,627
97 Midwest Financial Group LLC 0.76% of their portfolio Overland Park, KS 42,30642.3k $2.2m $2.2m 0.76% New
98 RFG Advisory, LLC 0.03% of their portfolio BIRMINGHAM, AL 41,78441.8k $2.1m $2.1m 0.03% Added +10.0k +9,987
99 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 41,65841.7k $2.1m $2.1m 0.01% Added +6.7k +6,705
100 Keystone Financial Group 0.12% of their portfolio LEXINGTON, KY 40,30640.3k $2.1m $2.1m 0.12% Added +4.4k +4,448