Vault-13

FIRST TR EXCH TRADED FD III FSMB

SHRT DUR MNG MUN · ETP · CUSIP 33739P830

108 institutional holders -1 vs Q4 2022
15,710,74915.7m shares reported held*
$312.4mreported value*
12 new 42 added 36 reduced 14 sold out net bought ≈ $8.7m (+439.2k 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. Holder counts are more reliable. Implied quarter-end price ≈ $19.88.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 100Q4 22: 109Q1 23: 108108Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022100
Q4 2022109
Q1 2023108

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 53 bought or addedQ4 22: 47 cut or sold outQ4 22Q1 23: 54 bought or addedQ1 23: 50 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20225347
Q1 20235450

Biggest buyers

MORGAN STANLEY Added +656,152+656.2k
Raymond James Financial Services Advisors, Inc. Added +287,148+287.1k
Orion Portfolio Solutions, LLC Added +238,822+238.8k
LPL Financial LLC Added +204,205+204.2k
GREAT VALLEY ADVISOR GROUP, INC. New +99,744+99.7k
RMR Wealth Builders Added +80,405+80.4k
CONDOR CAPITAL MANAGEMENT Added +50,178+50.2k
TruWealth Advisors, LLC Added +39,555+39.6k
Mariner, LLC Added +35,733+35.7k
Steward Partners Investment Advisory, LLC Added +29,810+29.8k

Biggest sellers

LWS Wealth Advisors, Inc. Reduced -534,725-534.7k
JANE STREET GROUP, LLC Sold out -212,841-212.8k
Per Stirling Capital Management, LLC. Reduced -124,579-124.6k
Atria Investments, Inc Reduced -85,461-85.5k
UBS Group AG Reduced -65,509-65.5k
HighTower Advisors, LLC Reduced -61,494-61.5k
ROYAL BANK OF CANADA Reduced -59,415-59.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -42,606-42.6k
Walkner Condon Financial Advisors LLC Reduced -27,711-27.7k
Kestra Advisory Services, LLC Reduced -25,654-25.7k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FIRST TRUST PORTFOLIOS LP 13G · institution new · filed 2026-01-30 5.6% new 1.4m≈ $28.4m 2026-01-30

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,744,4863.7m $74.4m $74.4m 0.01% Added +656.2k +656,152
2 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 1,366,3511.4m $27.2m $27.2m 0.05% Added +287.1k +287,148
3 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,356,3601.4m $27.0m $27.0m 0.02% Added +204.2k +204,205
4 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 853,457853.5k $17.0m $17.0m 0.04% Reduced -61.5k -61,494
5 LWS Wealth Advisors, Inc. 4.76% of their portfolio BASKING RIDGE, NJ 583,783583.8k $11.6m $11.6m 4.76% Reduced -534.7k -534,725
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 543,754543.8k $10.8m $10.8m 0.00% Reduced -59.4k -59,415
7 TruWealth Advisors, LLC 0.81% of their portfolio Metairie, LA 444,762444.8k $8.8m $8.8m 0.81% Added +39.6k +39,555
8 OGOREK ANTHONY JOSEPH /NY/ /ADV 3.11% of their portfolio WILLIAMSVILLE, NY 382,906382.9k $7.6m $7.6m 3.11% Reduced -301 -301
9 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 327,791327.8k $6.5m $6.5m 0.01% Added +14.9k +14,898
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 305,356305.4k $6.1m $6.1m 0.00% Reduced -65.5k -65,509
11 Orion Porfolio Solutions, LLC 0.07% of their portfolio OMAHA, NE 301,253301.3k $6.0m $6.0m 0.07% Added +12.5k +12,452
12 Orion Portfolio Solutions, LLC 0.07% of their portfolio Omaha, NE 301,253301.3k $6.0m $6.0m 0.07% Added +238.8k +238,822
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 282,076282.1k $5.6m $5.6m 0.00% Added +14.7k +14,711
14 RMR Wealth Builders 1.06% of their portfolio Montclair, NJ 280,673280.7k $5.6m $5.6m 1.06% Added +80.4k +80,405
15 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 245,739245.7k $4.9m $4.9m 0.02% Reduced -18.3k -18,284
16 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 239,125239.1k $4.8m $4.8m 0.05% Reduced -25.7k -25,654
17 Nilsine Partners, LLC 0.68% of their portfolio GREENWOOD VILLAGE, CO 217,735217.7k $4.3m $4.3m 0.68% First filing
18 Per Stirling Capital Management, LLC. 0.78% of their portfolio AUSTIN, TX 182,409182.4k $3.6m $3.6m 0.78% Reduced -124.6k -124,579
19 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 178,835178.8k $3.6m $3.6m 0.03% Added +7.3k +7,300
20 Cetera Advisor Networks LLC 0.02% of their portfolio EL SEGUNDO, CA 167,971168.0k $3.3m $3.3m 0.02% Added +3.1k +3,111
21 CONDOR CAPITAL MANAGEMENT 0.39% of their portfolio MARTINSVILLE, NJ 156,172156.2k $3.1m $3.1m 0.39% Added +50.2k +50,178
22 Mariner, LLC 0.01% of their portfolio Overland Park, KS 151,448151.4k $3.0m $3.0m 0.01% Added +35.7k +35,733
23 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 132,592132.6k $2.6m $2.6m 0.00% Added +13.4k +13,365
24 IFP Advisors, Inc 0.11% of their portfolio TAMPA, FL 131,888131.9k $2.6m $2.6m 0.11% Reduced -5.9k -5,929
25 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 127,205127.2k $2.5m $2.5m 0.03% Reduced -277 -277
26 Heck Capital Advisors, LLC 0.46% of their portfolio Rhinelander, WI 119,400119.4k $2.4m $2.4m 0.46% Added +598 +598
27 Advisory Resource Group 0.60% of their portfolio Tulsa, OK 108,401108.4k $2.2m $2.2m 0.60% Reduced -4.9k -4,909
28 Principle Wealth Partners LLC 0.22% of their portfolio MADISON, CT 103,077103.1k $2.0m $2.0m 0.22% Added +3.6k +3,554
29 GREAT VALLEY ADVISOR GROUP, INC. 0.09% of their portfolio WILMINGTON, DE 99,74499.7k $2.0m $2.0m 0.09% New
30 Vishria Bird Financial Group, LLC 1.19% of their portfolio MEMPHIS, TN 93,25593.3k $1.9m $1.9m 1.19% Unchanged
31 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 86,44886.4k $1.7m $1.7m 0.00% Reduced -17.6k -17,594
32 Mutual Advisors, LLC 0.07% of their portfolio OMAHA, NE 84,69084.7k $1.7m $1.7m 0.07% Added +4.0k +4,002
33 Barber Financial Group, Inc. 0.30% of their portfolio LENEXA, KS 84,36184.4k $1.7m $1.7m 0.30% Added +2.0k +2,046
34 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 84,00084.0k $1.7m $1.7m 0.03% Reduced -85.5k -85,461
35 StoneX Group Inc. 0.18% of their portfolio NEW YORK, NY 80,52380.5k $1.6m $1.6m 0.18% Added +6.3k +6,302
36 SWMG, LLC 0.89% of their portfolio FORT WORTH, TX 80,27680.3k $1.6m $1.6m 0.89% Unchanged
37 Insight Inv LLC 1.70% of their portfolio EL SEGUNDO, CA 79,33079.3k $1.6m $1.6m 1.70% Added +1.0k +1,000
38 ERn Financial, LLC 0.34% of their portfolio MIDDLETON, WI 77,98178.0k $1.6m $1.6m 0.34% Reduced -10.8k -10,792
39 FSB PREMIER WEALTH MANAGEMENT, INC. 0.77% of their portfolio WATERLOO, IA 69,28469.3k $1.4m $1.4m 0.77% Reduced -10.3k -10,331
40 Eldridge Investment Advisors, Inc. 0.47% of their portfolio MANCHESTER, NH 68,83568.8k $1.4m $1.4m 0.47% Reduced -6.3k -6,258
41 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 67,02767.0k $1.3m $1.3m 0.00% Added +8.1k +8,096
42 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 65,42665.4k $1.3m $1.3m 0.01% Reduced -4.8k -4,750
43 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 63,72863.7k $1.3m $1.3m 0.01% Added +3.4k +3,385
44 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 59,49559.5k $1.2m $1.2m 0.02% Added +29.8k +29,810
45 INSPIRION WEALTH ADVISORS, LLC 0.23% of their portfolio LIBERTYVILLE, IL 56,75556.8k $1.1m $1.1m 0.23% Added +8.5k +8,505
46 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 52,27752.3k $1.0m $1.0m 0.01% Added +576 +576
47 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 51,68251.7k $1.0m $1.0m 0.02% Reduced -35 -35
48 Econ Financial Services Corp 0.78% of their portfolio HARRISBURG, PA 51,55851.6k $1.0m $1.0m 0.78% Reduced -11.8k -11,750
49 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 47,96948.0k $954.0k $954.0k 0.00% Reduced -15.0k -14,998
50 Snowden Capital Advisors LLC 0.04% of their portfolio New York, NY 46,95147.0k $933.4k $933.4k 0.04% Added +12.6k +12,631
51 Alta Wealth Advisors LLC 0.52% of their portfolio Woburn, MA 41,61641.6k $827.3k $827.3k 0.52% Added +420 +420
52 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 36,31936.3k $722.0k $722.0k 0.03% Added +7.9k +7,903
53 ARBOR CAPITAL MANAGEMENT INC /ADV 0.56% of their portfolio ANCHORAGE, AK 34,55734.6k $689.1k $689.1k 0.56% Added +658 +658
54 Ashton Thomas Private Wealth, LLC 0.06% of their portfolio SCOTTSDALE, AZ 33,91233.9k $674.2k $674.2k 0.06% Added +2.4k +2,440
55 DHJJ Financial Advisors, Ltd. 0.36% of their portfolio NAPERVILLE, IL 33,67933.7k $669.5k $669.5k 0.36% Added +175 +175
56 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 31,71631.7k $630.5k $630.5k 0.02% Reduced -13.1k -13,086
57 TRUST CO OF OKLAHOMA 0.25% of their portfolio TULSA, OK 31,58431.6k $627.9k $627.9k 0.25% Reduced -12.6k -12,624
58 SUTTON PLACE INVESTORS LLC 0.84% of their portfolio ARMONK, NY 31,10031.1k $618.3k $618.3k 0.84% Unchanged
59 Security Financial Services, INC. 0.19% of their portfolio Fort Wayne, IN 30,95731.0k $615.4k $615.4k 0.19% Added +20 +20
60 INDEPENDENT FINANCIAL GROUP, LLC 0.05% of their portfolio SAN DIEGO, CA 30,08530.1k $598.1k $598.1k 0.05% Reduced -1.2k -1,217
61 Financial Advocates Investment Management 0.05% of their portfolio OLYMPIA, WA 29,80129.8k $592.4k $592.4k 0.05% Reduced -3.7k -3,690
62 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 19,28119.3k $383.3k $383.3k 0.02% Reduced -3.9k -3,900
63 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.27% of their portfolio JUPITER, FL 19,09519.1k $379.6k $379.6k 0.27% Added +2.9k +2,901
64 Occidental Asset Management, LLC 0.09% of their portfolio Burlingame, CA 19,09219.1k $379.5k $379.5k 0.09% New
65 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 17,45817.5k $347.1k $347.1k 0.01% Added +840 +840
66 CONTINUUM WEALTH ADVISORS, LLC 0.27% of their portfolio SARATOGA SPRINGS, NY 16,94116.9k $336.8k $336.8k 0.27% Reduced -1.3k -1,340
67 Clearwater Capital Advisors, LLC 0.04% of their portfolio HOFFMAN ESTATES, IL 16,20016.2k $322.1k $322.1k 0.04% Unchanged
68 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 15,77515.8k $313.6k $313.6k 0.02% Added +6.3k +6,336
69 RAYMOND JAMES TRUST N.A. 0.01% of their portfolio ST. PETERSBURG, FL 15,10015.1k $300.0k $300.0k 0.01% Unchanged
70 Meridian Wealth Partners, LLC 0.06% of their portfolio EXTON, PA 14,27414.3k $283.8k $283.8k 0.06% Unchanged
71 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 14,18714.2k $282.0k $282.0k 0.00% Added +1.3k +1,319
72 Walkner Condon Financial Advisors LLC 0.08% of their portfolio MADISON, WI 14,09914.1k $280.3k $280.3k 0.08% Reduced -27.7k -27,711
73 Pine Valley Investments Ltd Liability Co 0.04% of their portfolio MARLTON, NJ 13,98314.0k $277.4k $277.4k 0.04% First filing
74 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 13,51013.5k $267.6k $267.6k 0.01% Unchanged
75 First Heartland Consultants, Inc. 0.04% of their portfolio LAKE ST. LOUIS, MO 13,25013.2k $263.4k $263.4k 0.04% New
76 Sowell Financial Services LLC 0.02% of their portfolio NORTH LITTLE ROCK, AR 12,92012.9k $257.0k $257.0k 0.02% New
77 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 12,79612.8k $254.4k $254.4k 0.01% Reduced -10.1k -10,092
78 Grant/GrossMendelsohn, LLC 0.14% of their portfolio Baltimore, MD 12,73512.7k $253.0k $253.0k 0.14% Unchanged
79 Strategic Blueprint, LLC 0.03% of their portfolio ATLANTA, GA 12,51012.5k $248.7k $248.7k 0.03% Unchanged
80 CHILTON CAPITAL MANAGEMENT LLC 0.01% of their portfolio HOUSTON, TX 12,45312.5k $247.6k $247.6k 0.01% Unchanged
81 SILVER OAK SECURITIES, INCORPORATED 0.04% of their portfolio JACKSON, TN 12,43012.4k $247.0k $247.0k 0.04% New
82 Foster Victor Wealth Advisors, LLC 0.03% of their portfolio GREENVILLE, SC 11,95011.9k $237.7k $237.7k 0.03% Reduced -190 -190
83 Ausdal Financial Partners, Inc. 0.03% of their portfolio Davenport, IA 11,85811.9k $235.7k $235.7k 0.03% Reduced -9.5k -9,479
84 Teamwork Financial Advisors, LLC 0.04% of their portfolio San Antonio, TX 11,55911.6k $229.8k $229.8k 0.04% Reduced -426 -426
85 Keystone Wealth Services, LLC 0.09% of their portfolio PALM DESERT, CA 11,50011.5k $228.6k $228.6k 0.09% Unchanged
86 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 11,46611.5k $227.9k $227.9k 0.01% Added +2.2k +2,193
87 Engrave Wealth Partners LLC 0.08% of their portfolio SPRING, TX 11,34711.3k $224.9k $224.9k 0.08% Unchanged
88 Objective Capital Management, LLC 0.20% of their portfolio Fairlawn, OH 11,01811.0k $219.0k $219.0k 0.20% Reduced -992 -992
89 Capital Market Strategies LLC 0.38% of their portfolio PALM BEACH GARDENS, FL 10,70710.7k $212.9k $212.9k 0.38% Reduced -608 -608
90 LVZ, Inc. 0.03% of their portfolio Holland, MI 10,06810.1k $200.2k $200.2k 0.03% Reduced -5.2k -5,167
91 PFS Partners, LLC 0.17% of their portfolio MINE HILL, NJ 8,8458.8k $175.8k $175.8k 0.17% New
92 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,5558.6k $170.1k $170.1k 0.00% Added +8.6k +8,554
93 Capital Analysts, LLC 0.01% of their portfolio FORT WASHINGTON, PA 7,1337.1k $142.0k $142.0k 0.01% Added +281 +281
94 BENJAMIN F. EDWARDS & COMPANY, INC. 0.01% of their portfolio ST. LOUIS, MO 6,5946.6k $131.0k $131.0k 0.01% New
95 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 5,0245.0k $99.9k $99.9k 0.01% Added +9 +9
96 Glen Eagle Advisors, LLC 0.02% of their portfolio KINGSTON, NJ 3,4903.5k $69.4k $69.4k 0.02% Unchanged
97 Householder Group Estate & Retirement Specialist, LLC 0.03% of their portfolio SCOTTSDALE, AZ 3,3033.3k $66.0k $66.0k 0.03% New
98 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 3,3003.3k $65.6k $65.6k 0.00% Unchanged
99 Pinnacle Bancorp, Inc. 0.02% of their portfolio BEATRICE, NE 3,2283.2k $64.2k $64.2k 0.02% New
100 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,9082.9k $57.8k $57.8k 0.00% Added +552 +552