Vault-13

FIRST TR EXCH TRADED FD III FMHI

MUNI HI INCM ETF · ETP · CUSIP 33739P301

182 institutional holders +4 vs Q4 2025
13,815,59613.8m shares reported held*
$657.2mreported value*
19 new 78 added 54 reduced 13 sold out net bought ≈ $12.9m (+269.2k 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 ≈ $47.57.

Trends to Q1 2026

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: 178Q3 25: 167Q4 25: 178Q1 26: 182182Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025167
Q4 2025178
Q1 2026182

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 90 bought or addedQ2 24: 46 cut or sold outQ3 24: 96 bought or addedQ3 24: 51 cut or sold outQ3 24Q4 24: 107 bought or addedQ4 24: 52 cut or sold outQ1 25: 82 bought or addedQ1 25: 73 cut or sold outQ1 25Q2 25: 75 bought or addedQ2 25: 87 cut or sold outQ3 25: 87 bought or addedQ3 25: 74 cut or sold outQ3 25Q4 25: 99 bought or addedQ4 25: 61 cut or sold outQ1 26: 97 bought or addedQ1 26: 67 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20249046
Q3 20249651
Q4 202410752
Q1 20258273
Q2 20257587
Q3 20258774
Q4 20259961
Q1 20269767

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +153,170+153.2k
GOLDMAN SACHS GROUP INC Added +98,540+98.5k
MORGAN STANLEY Added +94,418+94.4k
Cetera Investment Advisers Added +81,197+81.2k
SlateStone Wealth, LLC Added +76,474+76.5k
Cambridge Investment Research Advisors, Inc. Added +61,868+61.9k
JANE STREET GROUP, LLC New +58,901+58.9k
Meeder Advisory Services, Inc. Added +53,886+53.9k
Avior Wealth Management, LLC New +51,664+51.7k
GREAT VALLEY ADVISOR GROUP, INC. Added +29,695+29.7k

Biggest sellers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -273,657-273.7k
Stewardship Advisors, LLC Reduced -71,170-71.2k
LPL Financial LLC Reduced -67,410-67.4k
AJ Advisors, LLC Sold out -60,429-60.4k
Bank of New York Mellon Corp Sold out -41,833-41.8k
Janney Montgomery Scott LLC Sold out -37,716-37.7k
WELLS FARGO & COMPANY/MN Reduced -35,901-35.9k
CWM, LLC Reduced -26,111-26.1k
Synergy Investment Management, LLC Reduced -24,747-24.7k
IFG Advisory, LLC Sold out -17,527-17.5k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,416,2051.4m $67.3m $67.3m 0.00% Added +94.4k +94,418
2 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.14% of their portfolio PLYMOUTH, MN 1,330,8271.3m $63.6m $63.6m 0.14% Reduced -273.7k -273,657
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,109,8761.1m $52.8m $52.8m 0.01% Reduced -35.9k -35,901
4 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,100,3061.1m $52.3m $52.3m 0.01% Reduced -67.4k -67,410
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 798,920798.9k $38.0m $38.0m 0.00% Added +153.2k +153,170
6 Meeder Advisory Services, Inc. 1.08% of their portfolio DUBLIN, OH 542,231542.2k $25.8m $25.8m 1.08% Added +53.9k +53,886
7 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 394,130394.1k $18.7m $18.7m 0.01% Reduced -16.9k -16,866
8 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 359,142359.1k $17.1m $17.1m 0.02% Added +81.2k +81,197
9 SlateStone Wealth, LLC 1.35% of their portfolio JUPITER, FL 345,682345.7k $16.4m $16.4m 1.35% Added +76.5k +76,474
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 332,117332.1k $15.8m $15.8m 0.00% Added +7.6k +7,622
11 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 310,410310.4k $14.8m $14.8m 0.00% Added +3.2k +3,205
12 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 269,223269.2k $12.8m $12.8m 0.05% Added +16.5k +16,490
13 Financial Partners Group, Inc 1.35% of their portfolio Overland Park, KS 237,886237.9k $11.3m $11.3m 1.35% Added +10.8k +10,753
14 Manhattan West Asset Management, LLC 2.12% of their portfolio Los Angeles, CA 227,982228.0k $10.8m $10.8m 2.12% Added +15.8k +15,780
15 Principle Wealth Partners LLC 0.61% of their portfolio MADISON, CT 224,757224.8k $10.7m $10.7m 0.61% Reduced -5.3k -5,337
16 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 201,308201.3k $9.6m $9.6m 0.01% Added +19.9k +19,890
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 189,842189.8k $9.0m $9.0m 0.00% Added +2.9k +2,893
18 EnRich Financial Partners LLC 2.26% of their portfolio MADISON, WI 178,980179.0k $8.5m $8.5m 2.26% Added +2.2k +2,159
19 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 171,195171.2k $8.1m $8.1m 0.02% Added +61.9k +61,868
20 ASHTON THOMAS SECURITIES, LLC 0.87% of their portfolio ROCHESTER, NY 146,300146.3k $7.0m $7.0m 0.87% Added +9.4k +9,422
21 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 138,695138.7k $6.6m $6.6m 0.01% Added +10.4k +10,401
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 135,471135.5k $6.4m $6.4m 0.00% Added +1.6k +1,644
23 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 130,226130.2k $6.2m $6.2m 0.01% Added +1.1k +1,109
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 116,891116.9k $5.6m $5.6m 0.00% Added +98.5k +98,540
25 Vise Technologies, Inc. 0.11% of their portfolio NEW YORK, NY 116,797116.8k $5.6m $5.6m 0.11% Unchanged
26 Ocean Park Asset Management, LLC 0.32% of their portfolio SANTA MONICA, CA 116,300116.3k $5.5m $5.5m 0.32% Unchanged
27 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 99,10299.1k $4.7m $4.7m 0.01% Reduced -14.0k -14,018
28 Plan Group Financial, LLC 1.07% of their portfolio OKLAHOMA CITY, OK 95,65295.7k $4.5m $4.5m 1.07% Added +13.1k +13,136
29 Cyndeo Wealth Partners, LLC 0.23% of their portfolio ST. PETERSBURG, FL 92,00092.0k $4.4m $4.4m 0.23% Unchanged
30 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 89,45089.5k $4.3m $4.3m 0.02% Added +2.9k +2,881
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 84,70184.7k $4.0m $4.0m 0.00% Added +8.8k +8,762
32 CWM, LLC 0.01% of their portfolio OMAHA, NE 84,41884.4k $4.0m $4.0m 0.01% Reduced -26.1k -26,111
33 MBL Wealth, LLC 0.28% of their portfolio CHARLOTTE, NC 78,51078.5k $3.7m $3.7m 0.28% Added +4.0k +4,040
34 Summit Financial, LLC 0.05% of their portfolio PARSIPPANY, NJ 78,38078.4k $3.7m $3.7m 0.05% Reduced -1.9k -1,940
35 Cornerstone Wealth Management, LLC 0.19% of their portfolio ST. PETERS, MO 78,10478.1k $3.7m $3.7m 0.19% Reduced -2.9k -2,928
36 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 74,06374.1k $3.6m $3.6m 0.02% Reduced -4.8k -4,761
37 Crumly & Associates Inc. 0.69% of their portfolio SPRINGFIELD, IL 68,87168.9k $3.3m $3.3m 0.69% Reduced -9.0k -8,983
38 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.22% of their portfolio ORLANDO, FL 65,52765.5k $3.1m $3.1m 0.22% Added +4.4k +4,440
39 Atlas Private Wealth Advisors 0.69% of their portfolio RED BANK, NJ 61,92061.9k $2.9m $2.9m 0.69% Reduced -1.8k -1,791
40 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 60,30560.3k $2.9m $2.9m 0.00% Added +2.1k +2,128
41 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 58,90158.9k $2.8m $2.8m 0.00% New
42 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 56,58056.6k $2.7m $2.7m 0.00% Reduced -899 -899
43 GREAT VALLEY ADVISOR GROUP, INC. 0.05% of their portfolio WILMINGTON, DE 52,71352.7k $2.5m $2.5m 0.05% Added +29.7k +29,695
44 Avior Wealth Management, LLC 0.07% of their portfolio OMAHA, NE 51,66451.7k $2.5m $2.5m 0.07% New
45 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 51,25851.3k $2.4m $2.4m 0.03% Added +2.7k +2,741
46 Sequoia Financial Advisors, LLC 0.01% of their portfolio Akron, OH 50,51750.5k $2.4m $2.4m 0.01% Reduced -6.1k -6,069
47 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 49,64749.6k $2.4m $2.4m 0.01% Added +2.7k +2,719
48 FIRST HORIZON CORP 0.10% of their portfolio MEMPHIS, TN 49,50049.5k $2.4m $2.4m 0.10% Unchanged
49 DAYMARK WEALTH PARTNERS, LLC 0.07% of their portfolio CINCINNATI, OH 46,46446.5k $2.2m $2.2m 0.07% Reduced -4.1k -4,061
50 RFG Advisory, LLC 0.04% of their portfolio BIRMINGHAM, AL 42,74042.7k $2.0m $2.0m 0.04% Added +8.1k +8,141
51 Evergreen Private Wealth LLC 0.77% of their portfolio GREENWOOD VILLAGE, CO 40,20540.2k $1.9m $1.9m 0.77% Added +2.3k +2,293
52 CAPITAL FINANCIAL GROUP INC\CO\ /ADV 1.01% of their portfolio LITTLETON, CO 38,57538.6k $1.8m $1.8m 1.01% Reduced -899 -899
53 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 37,25537.3k $1.8m $1.8m 0.02% Added +10.0k +9,971
54 ELEVATION POINT WEALTH PARTNERS, LLC 0.04% of their portfolio DENVER, CO 37,25537.3k $1.8m $1.8m 0.04% Added +10.0k +9,971
55 Mutual Advisors, LLC 0.04% of their portfolio OMAHA, NE 36,51136.5k $1.7m $1.7m 0.04% Reduced -88 -88
56 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 36,31336.3k $1.7m $1.7m 0.04% Added +4.6k +4,624
57 ROCKLAND TRUST CO 0.07% of their portfolio HANOVER, MA 35,81735.8k $1.7m $1.7m 0.07% Reduced -1.2k -1,175
58 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 34,57434.6k $1.6m $1.6m 0.05% Added +17.0k +16,983
59 ShoreHaven Wealth Partners, LLC 0.58% of their portfolio Red Bank, NJ 34,08734.1k $1.6m $1.6m 0.58% Reduced -15.8k -15,773
60 Spartan Wealth Advisory Services LLC 0.14% of their portfolio BINGHAM FARMS, MI 33,75733.8k $1.6m $1.6m 0.14% First filing
61 STEPHENS INC /AR/ 0.02% of their portfolio LITTLE ROCK, AR 32,67832.7k $1.6m $1.6m 0.02% Reduced -13.1k -13,060
62 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 30,86630.9k $1.5m $1.5m 0.01% Added +121 +121
63 Main Street Financial Solutions, LLC 0.11% of their portfolio NEWTOWN, PA 30,63430.6k $1.5m $1.5m 0.11% Added +4.7k +4,669
64 Boyce & Associates Wealth Consulting, Inc. 1.08% of their portfolio CEDAR PARK, TX 29,87729.9k $1.4m $1.4m 1.08% Added +6.4k +6,375
65 KESTRA PRIVATE WEALTH SERVICES, LLC 0.02% of their portfolio AUSTIN, TX 29,76129.8k $1.4m $1.4m 0.02% Reduced -14.2k -14,195
66 GSG Advisors LLC 0.34% of their portfolio MOUNT LAUREL, NJ 27,58827.6k $1.3m $1.3m 0.34% Added +425 +425
67 Arax Advisory Partners 0.03% of their portfolio NEW YORK, NY 25,58725.6k $1.2m $1.2m 0.03% Reduced -1.9k -1,907
68 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 25,42325.4k $1.2m $1.2m 0.02% Added +7.1k +7,118
69 Signal Advisors Wealth, LLC 0.08% of their portfolio DETROIT, MI 25,39225.4k $1.2m $1.2m 0.08% New
70 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 25,13725.1k $1.2m $1.2m 0.00% Reduced -5.8k -5,756
71 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 24,84324.8k $1.2m $1.2m 0.01% Added +10.5k +10,525
72 Triton Wealth Management, PLLC 0.41% of their portfolio SUN CITY, AZ 23,39223.4k $1.1m $1.1m 0.41% Reduced -36 -36
73 Traction Financial Partners, LLC 0.67% of their portfolio LITTLETON, CO 22,86522.9k $1.1m $1.1m 0.67% Added +2.4k +2,400
74 High Net Worth Advisory Group LLC 0.25% of their portfolio NAPLES, FL 22,39922.4k $1.1m $1.1m 0.25% Added +87 +87
75 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 22,30422.3k $1.1m $1.1m 0.00% New
76 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 21,42021.4k $1.0m $1.0m 0.01% Unchanged
77 Hobart Private Capital, LLC 0.20% of their portfolio CHARLOTTE, NC 21,22521.2k $1.0m $1.0m 0.20% Added +2.8k +2,845
78 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.05% of their portfolio CEDAR RAPIDS, IA 19,16019.2k $910.9k $910.9k 0.05% Added +300 +300
79 Platform Technology Partners 0.17% of their portfolio NEW YORK, NY 19,06619.1k $906.4k $906.4k 0.17% Added +6 +6
80 SEAMOUNT FINANCIAL GROUP INC 0.40% of their portfolio COLORADO SPRINGS, CO 18,86318.9k $896.8k $896.8k 0.40% Added +3.3k +3,316
81 Sowell Financial Services LLC 0.03% of their portfolio NORTH LITTLE ROCK, AR 17,83317.8k $847.8k $847.8k 0.03% Reduced -10.1k -10,097
82 Stonebridge Financial Planning Group, LLC 0.31% of their portfolio ORLANDO, FL 17,66417.7k $839.8k $839.8k 0.31% Added +5.1k +5,112
83 Boyd Wealth Management, LLC 0.35% of their portfolio SACRAMENTO, CA 17,20217.2k $817.8k $817.8k 0.35% Added +884 +884
84 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 16,81616.8k $799.4k $799.4k 0.00% Reduced -325 -325
85 Capital Investment Advisory Services, LLC 0.06% of their portfolio RALEIGH, NC 16,80216.8k $798.8k $798.8k 0.06% Added +6 +6
86 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 16,56416.6k $787.5k $787.5k 0.00% New
87 Independent Advisor Alliance 0.01% of their portfolio CHARLOTTE, NC 16,30916.3k $775.3k $775.3k 0.01% New
88 Curran Financial Partners, LLC 0.14% of their portfolio DANIEL ISLAND, SC 16,26316.3k $773.1k $773.1k 0.14% Reduced -1.6k -1,632
89 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 15,96416.0k $758.9k $758.9k 0.01% Reduced -2.8k -2,783
90 Milestones Private Investment Advisors LLC 0.66% of their portfolio FAIRPORT, NY 15,77415.8k $749.9k $749.9k 0.66% Added +23 +23
91 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 15,56215.6k $739.8k $739.8k 0.00% Reduced -880 -880
92 Investors Portfolio Services LLC 0.67% of their portfolio PUYALLUP, WA 15,36315.4k $722.9k $722.9k 0.67% Reduced -1.7k -1,681
93 COUNTRY TRUST BANK 0.01% of their portfolio Bloomington, IL 14,97415.0k $711.9k $711.9k 0.01% Reduced -151 -151
94 WealthCare Investment Partners, LLC 0.20% of their portfolio PORTSMOUTH, RI 14,77214.8k $703.0k $703.0k 0.20% Added +5.4k +5,367
95 Summit Wealth Partners, LLC 0.11% of their portfolio Orlando, FL 14,40114.4k $684.6k $684.6k 0.11% Unchanged
96 KINGSWOOD WEALTH ADVISORS, LLC 0.03% of their portfolio SAN DIEGO, CA 13,54613.5k $644.0k $644.0k 0.03% New
97 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 13,51613.5k $642.5k $642.5k 0.02% Reduced -1.3k -1,286
98 TSA Wealth Managment LLC 0.19% of their portfolio HOUSTON, TX 12,34112.3k $586.7k $586.7k 0.19% New
99 Marshall Financial Group, LLC 0.09% of their portfolio Hunt Valley, MD 11,94011.9k $567.6k $567.6k 0.09% Reduced -422 -422
100 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 11,92811.9k $567.1k $567.1k 0.01% Added +344 +344