Vault-13

FIRST TR EXCH TRADED FD III FMHI

MUNI HI INCM ETF · ETP · CUSIP 33739P301

178 institutional holders +6 vs Q1 2025
12,289,55912.3m shares reported held*
$574.2mreported value*
18 new 57 added 71 reduced 16 sold out net bought ≈ $5.4m (+115.9k 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 ($61.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.72.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 102Q4 22: 105Q1 23: 114Q2 23: 119Q3 23: 122Q4 23: 143Q1 24: 134Q2 24: 154Q3 24: 159Q4 24: 177Q1 25: 172Q2 25: 178178Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022102
Q4 2022105
Q1 2023114
Q2 2023119
Q3 2023122
Q4 2023143
Q1 2024134
Q2 2024154
Q3 2024159
Q4 2024177
Q1 2025172
Q2 2025178

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 58 bought or addedQ3 23: 53 cut or sold outQ4 23: 70 bought or addedQ4 23: 54 cut or sold outQ4 23Q1 24: 77 bought or addedQ1 24: 56 cut or sold outQ2 24: 90 bought or addedQ2 24: 46 cut or sold outQ2 24Q3 24: 96 bought or addedQ3 24: 51 cut or sold outQ4 24: 107 bought or addedQ4 24: 52 cut or sold outQ4 24Q1 25: 82 bought or addedQ1 25: 73 cut or sold outQ2 25: 75 bought or addedQ2 25: 87 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235853
Q4 20237054
Q1 20247756
Q2 20249046
Q3 20249651
Q4 202410752
Q1 20258273
Q2 20257587

Biggest buyers

Meeder Advisory Services, Inc. Added +279,716+279.7k
ROYAL BANK OF CANADA Added +193,580+193.6k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +165,191+165.2k
Rockefeller Capital Management L.P. Added +122,833+122.8k
JANE STREET GROUP, LLC Added +117,782+117.8k
FLOW TRADERS U.S. LLC New +84,922+84.9k
AJ Advisors, LLC New +59,098+59.1k
WELLS FARGO & COMPANY/MN Added +56,275+56.3k
DAYMARK WEALTH PARTNERS, LLC New +47,587+47.6k
EWG Elevate Inc. New +46,001+46.0k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -321,733-321.7k
MORGAN STANLEY Reduced -151,164-151.2k
HighTower Advisors, LLC Reduced -97,209-97.2k
Hughes Financial Services, LLC Reduced -94,090-94.1k
Financial Partners Group, Inc Reduced -69,087-69.1k
Cambridge Investment Research Advisors, Inc. Reduced -61,385-61.4k
LPL Financial LLC Reduced -60,878-60.9k
JPMORGAN CHASE & CO Reduced -53,911-53.9k
Advisory Resource Group Sold out -49,365-49.4k
PEAPACK GLADSTONE FINANCIAL CORP Sold out -37,784-37.8k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.11% of their portfolio PLYMOUTH, MN 1,468,4431.5m $68.7m $68.7m 0.11% Added +165.2k +165,191
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,142,0471.1m $53.3m $53.3m 0.00% Reduced -151.2k -151,164
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 917,298917.3k $42.8m $42.8m 0.01% Reduced -60.9k -60,878
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 828,835828.8k $38.7m $38.7m 0.01% Added +56.3k +56,275
5 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 397,988398.0k $18.6m $18.6m 0.01% Added +14.3k +14,264
6 Meeder Advisory Services, Inc. 0.96% of their portfolio DUBLIN, OH 395,980396.0k $18.5m $18.5m 0.96% Added +279.7k +279,716
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 392,817392.8k $18.3m $18.3m 0.00% Reduced -321.7k -321,733
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 373,838373.8k $17.5m $17.5m 0.00% Reduced -29.4k -29,398
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 332,998333.0k $15.6m $15.6m 0.00% Added +193.6k +193,580
10 Principle Wealth Partners LLC 0.86% of their portfolio MADISON, CT 295,682295.7k $13.8m $13.8m 0.86% Reduced -21.5k -21,499
11 NewEdge Advisors, LLC 0.07% of their portfolio NEW ORLEANS, LA 271,231271.2k $12.7m $12.7m 0.07% Added +32.9k +32,887
12 SlateStone Wealth, LLC 1.13% of their portfolio JUPITER, FL 257,873257.9k $12.0m $12.0m 1.13% Added +24.8k +24,795
13 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 249,190249.2k $11.6m $11.6m 0.01% Added +122.8k +122,833
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 228,646228.6k $10.7m $10.7m 0.00% Reduced -5.2k -5,178
15 Ocean Park Asset Management, LLC 0.35% of their portfolio SANTA MONICA, CA 208,500208.5k $10.0m $10.0m 0.35% Unchanged
16 Manhattan West Asset Management, LLC 2.23% of their portfolio Los Angeles, CA 206,049206.0k $9.6m $9.6m 2.23% Added +13.0k +12,973
17 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 202,682202.7k $9.5m $9.5m 0.02% Reduced -1.1k -1,141
18 Financial Partners Group, Inc 1.18% of their portfolio Overland Park, KS 182,025182.0k $8.5m $8.5m 1.18% Reduced -69.1k -69,087
19 EnRich Financial Partners LLC 2.41% of their portfolio MADISON, WI 168,173168.2k $7.9m $7.9m 2.41% Added +2.7k +2,735
20 Atlas Private Wealth Advisors 0.82% of their portfolio RED BANK, NJ 137,015137.0k $6.4m $6.4m 0.82% Reduced -9.1k -9,050
21 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 131,035131.0k $6.1m $6.1m 0.01% Added +117.8k +117,782
22 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 126,231126.2k $5.9m $5.9m 0.01% Added +21.2k +21,189
23 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 101,612101.6k $4.7m $4.7m 0.01% Added +1.4k +1,414
24 CWM, LLC 0.02% of their portfolio OMAHA, NE 95,38695.4k $4.5m $4.5m 0.02% Added +17.2k +17,218
25 Cyndeo Wealth Partners, LLC 0.26% of their portfolio ST. PETERSBURG, FL 95,27895.3k $4.4m $4.4m 0.26% Unchanged
26 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 94,50894.5k $4.4m $4.4m 0.01% Reduced -97.2k -97,209
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 92,80192.8k $4.3m $4.3m 0.00% Reduced -53.9k -53,911
28 FLOW TRADERS U.S. LLC 0.15% of their portfolio NEW YORK, NY 84,92284.9k $4.0m $4.0m 0.15% New
29 Cornerstone Wealth Management, LLC 0.24% of their portfolio ST. PETERS, MO 83,17483.2k $3.9m $3.9m 0.24% Added +8.7k +8,670
30 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 77,96378.0k $3.6m $3.6m 0.03% Added +26.5k +26,478
31 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 73,94173.9k $3.5m $3.5m 0.02% Reduced -9.7k -9,668
32 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 72,76172.8k $3.4m $3.4m 0.01% Reduced -61.4k -61,385
33 MBL Wealth, LLC 0.32% of their portfolio CHARLOTTE, NC 72,60072.6k $3.4m $3.4m 0.32% Added +645 +645
34 Stewardship Advisors, LLC 0.86% of their portfolio MOUNT JOY, PA 72,48372.5k $3.4m $3.4m 0.86% Reduced -1.5k -1,491
35 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 70,88670.9k $3.3m $3.3m 0.00% Reduced -2.8k -2,766
36 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 70,80970.8k $3.3m $3.3m 0.00% Added +1.6k +1,561
37 STEPHENS INC /AR/ 0.04% of their portfolio LITTLE ROCK, AR 68,50968.5k $3.2m $3.2m 0.04% Unchanged
38 Vise Technologies, Inc. 0.12% of their portfolio NEW YORK, NY 64,70064.7k $3.0m $3.0m 0.12% First filing
39 Crumly & Associates Inc. 0.69% of their portfolio SPRINGFIELD, IL 60,56660.6k $2.8m $2.8m 0.69% Reduced -36.5k -36,542
40 AJ Advisors, LLC 1.23% of their portfolio NASHVILLE, TN 59,09859.1k $2.8m $2.8m 1.23% New
41 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 58,24358.2k $2.7m $2.7m 0.01% Added +9.8k +9,829
42 Visionary Wealth Advisors 0.14% of their portfolio O'FALLON, IL 56,92956.9k $2.7m $2.7m 0.14% Reduced -4.3k -4,334
43 Martin Worley Group 1.24% of their portfolio COTTONWOOD HEIGHTS, UT 54,38854.4k $2.5m $2.5m 1.24% Added +12.9k +12,916
44 First Horizon Advisors, Inc. 0.06% of their portfolio MEMPHIS, TN 49,50049.5k $2.3m $2.3m 0.06% Unchanged
45 Platform Technology Partners 0.60% of their portfolio NEW YORK, NY 49,40749.4k $2.3m $2.3m 0.60% Reduced -9.9k -9,922
46 ASHTON THOMAS SECURITIES, LLC 0.55% of their portfolio ROCHESTER, NY 48,41648.4k $2.3m $2.3m 0.55% Added +28.2k +28,201
47 DAYMARK WEALTH PARTNERS, LLC 0.08% of their portfolio CINCINNATI, OH 47,58747.6k $2.2m $2.2m 0.08% New
48 ROCKLAND TRUST CO 0.11% of their portfolio HANOVER, MA 47,51947.5k $2.2m $2.2m 0.11% Reduced -5.9k -5,944
49 GSG Advisors LLC 0.64% of their portfolio MOUNT LAUREL, NJ 46,93146.9k $2.2m $2.2m 0.64% Reduced -4.8k -4,785
50 EWG Elevate Inc. 0.66% of their portfolio ROSEVILLE, CA 46,00146.0k $2.1m $2.1m 0.66% New
51 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 44,01644.0k $2.1m $2.1m 0.01% Added +2.9k +2,924
52 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 42,21242.2k $2.0m $2.0m 0.00% Added +8.2k +8,208
53 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 42,03542.0k $2.0m $2.0m 0.00% Reduced -2.3k -2,297
54 Mutual Advisors, LLC 0.04% of their portfolio OMAHA, NE 34,17434.2k $1.6m $1.6m 0.04% Added +704 +704
55 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 33,75633.8k $1.6m $1.6m 0.01% Added +890 +890
56 Evergreen Private Wealth LLC 0.66% of their portfolio GREENWOOD VILLAGE, CO 33,75633.8k $1.6m $1.6m 0.66% Reduced -248 -248
57 Plan Group Financial, LLC 0.50% of their portfolio OKLAHOMA CITY, OK 32,74732.7k $1.5m $1.5m 0.50% Added +11.5k +11,549
58 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 32,65632.7k $1.5m $1.5m 0.04% Added +6.2k +6,168
59 Sowell Financial Services LLC 0.06% of their portfolio NORTH LITTLE ROCK, AR 31,85331.9k $1.5m $1.5m 0.06% Added +233 +233
60 Financial Advocates Investment Management 0.12% of their portfolio OLYMPIA, WA 30,36730.4k $1.4m $1.4m 0.12% Reduced -4.2k -4,210
61 Arax Advisory Partners 0.06% of their portfolio NEW YORK, NY 28,44528.4k $1.3m $1.3m 0.06% Added +19.6k +19,597
62 KESTRA PRIVATE WEALTH SERVICES, LLC 0.02% of their portfolio AUSTIN, TX 28,31128.3k $1.3m $1.3m 0.02% Reduced -642 -642
63 OPPENHEIMER & CO INC 0.02% of their portfolio NEW YORK, NY 26,65526.7k $1.2m $1.2m 0.02% Added +21.1k +21,142
64 ShoreHaven Wealth Partners, LLC 0.50% of their portfolio Red Bank, NJ 25,89725.9k $1.2m $1.2m 0.50% Reduced -10.5k -10,532
65 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 25,59525.6k $1.2m $1.2m 0.01% Reduced -185 -185
66 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 23,84123.8k $1.1m $1.1m 0.00% Added +2.0k +2,043
67 Triton Wealth Management, PLLC 0.47% of their portfolio SUN CITY, AZ 23,79223.8k $1.1m $1.1m 0.47% First filing
68 GREAT VALLEY ADVISOR GROUP, INC. 0.02% of their portfolio WILMINGTON, DE 22,24922.2k $1.0m $1.0m 0.02% Reduced -15.2k -15,190
69 High Net Worth Advisory Group LLC 0.27% of their portfolio NAPLES, FL 22,14522.1k $1.0m $1.0m 0.27% Added +81 +81
70 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 21,49721.5k $1.0m $1.0m 0.00% New
71 SAGESPRING WEALTH PARTNERS, LLC 0.02% of their portfolio FRANKLIN, TN 20,98221.0k $979.9k $979.9k 0.02% Added +11.9k +11,947
72 Boyce & Associates Wealth Consulting, Inc. 0.88% of their portfolio CEDAR PARK, TX 20,61520.6k $962.7k $962.7k 0.88% Added +4.2k +4,169
73 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 19,51219.5k $911.0k $911.0k 0.00% Reduced -3.4k -3,403
74 COMERICA BANK 0.00% of their portfolio DALLAS, TX 19,14019.1k $893.8k $893.8k 0.00% Reduced -2.2k -2,244
75 Concurrent Investment Advisors, LLC 0.02% of their portfolio Tampa, FL 18,69418.7k $873.0k $873.0k 0.02% Reduced -9.1k -9,116
76 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 18,26918.3k $853.2k $853.2k 0.00% New
77 Capital Investment Advisory Services, LLC 0.07% of their portfolio RALEIGH, NC 17,69517.7k $826.4k $826.4k 0.07% Added +145 +145
78 IFG Advisory, LLC 0.04% of their portfolio ATLANTA, GA 17,22317.2k $804.3k $804.3k 0.04% Added +5.7k +5,673
79 Boyd Wealth Management, LLC 0.33% of their portfolio SACRAMENTO, CA 16,27216.3k $759.9k $759.9k 0.33% Reduced -25 -25
80 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.05% of their portfolio CEDAR RAPIDS, IA 16,23016.2k $757.9k $757.9k 0.05% Reduced -335 -335
81 COUNTRY TRUST BANK 0.02% of their portfolio Bloomington, IL 16,00216.0k $747.3k $747.3k 0.02% Reduced -114 -114
82 Traction Financial Partners, LLC 0.49% of their portfolio LITTLETON, CO 15,44915.4k $721.5k $721.5k 0.49% Reduced -2.2k -2,210
83 SEAMOUNT FINANCIAL GROUP INC 0.37% of their portfolio COLORADO SPRINGS, CO 15,39015.4k $718.7k $718.7k 0.37% Added +356 +356
84 ARBOR CAPITAL MANAGEMENT INC /ADV 0.62% of their portfolio ANCHORAGE, AK 15,32115.3k $709.3k $709.3k 0.62% Added +499 +499
85 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 14,93314.9k $697.4k $697.4k 0.00% Reduced -3.8k -3,842
86 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 14,61814.6k $682.7k $682.7k 0.02% Reduced -32.0k -32,016
87 Summit Wealth Partners, LLC 0.13% of their portfolio Orlando, FL 14,46514.5k $675.5k $675.5k 0.13% Unchanged
88 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 14,31814.3k $668.7k $668.7k 0.01% Unchanged
89 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 14,13414.1k $660.1k $660.1k 0.01% Reduced -4.9k -4,866
90 Milestones Private Investment Advisors LLC 0.48% of their portfolio FAIRPORT, NY 13,74013.7k $641.7k $641.7k 0.48% First filing
91 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 13,58013.6k $634.2k $634.2k 0.02% Reduced -167 -167
92 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 13,31013.3k $621.6k $621.6k 0.00% Added +790 +790
93 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 13,13813.1k $613.6k $613.6k 0.01% New
94 Marshall Financial Group, LLC 0.12% of their portfolio Hunt Valley, MD 13,05713.1k $609.5k $609.5k 0.12% Added +268 +268
95 Hobart Private Capital, LLC 0.14% of their portfolio CHARLOTTE, NC 13,04413.0k $609.2k $609.2k 0.14% Reduced -12.6k -12,580
96 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 12,85012.8k $600.1k $600.1k 0.03% Reduced -4.3k -4,260
97 OneAscent Financial Services LLC 0.04% of their portfolio BIRMINGHAM, AL 12,17512.2k $569.0k $569.0k 0.04% Reduced -5.9k -5,874
98 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 12,13912.1k $566.9k $566.9k 0.01% Reduced -10.8k -10,763
99 Gladstone Institutional Advisory LLC 0.02% of their portfolio Bedminster, NJ 12,12912.1k $566.4k $566.4k 0.02% Added +333 +333
100 AdvisorNet Financial, Inc 0.04% of their portfolio MINNETONKA, MN 11,97712.0k $559.3k $559.3k 0.04% Reduced -726 -726