First Trust Exchange-Traded Fund IV - First Trust North American Energy Infrastructure Fund
US ˙ ARCA ˙ US33738D1019

SecurityEMLP / First Trust Exchange-Traded Fund IV - First Trust North American Energy Infrastructure Fund
InstitutionKovack Advisors, Inc.
Latest Disclosed Ownership17,457 shares
Latest Disclosed Value $ 759,380
Kovack Advisors, Inc. reports 30.94% decrease in ownership of EMLP / First Trust Exchange-Traded Fund IV - First Trust North American Energy Infrastructure Fund

On May 12, 2026 - Kovack Advisors, Inc. filed a 13F-HR form disclosing ownership of 17,457 shares of First Trust Exchange-Traded Fund IV - First Trust North American Energy Infrastructure Fund (US:EMLP) valued at $762,173 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 17, 2026 disclosing 25,277 shares of First Trust Exchange-Traded Fund IV - First Trust North American Energy Infrastructure Fund. This represents a change in shares of -30.94% during the quarter. The current value of the position is $752,571 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-12 2026-03-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 17,457 -7,820 -30.94 759 -20.69 0.0405
2026-02-17 2025-12-31 13F/A-1 FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 25,277 3,197 14.48 957 13.25 0.0445
2026-02-12 2025-12-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 25,277 3,197 962 0.0736
2025-11-10 2025-09-30 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 22,080 -184 -0.83 845 1.20 0.0796
2025-08-04 2025-06-30 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 22,264 -153 -0.68 835 -0.60 0.0819
2025-05-06 2025-03-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 22,417 216 0.97 840 6.19 0.0890
2025-02-05 2024-12-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 22,201 15 0.07 791 6.17 0.0777
2024-11-05 2024-09-30 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 22,186 -1,236 -5.28 745 4.49 0.0790
2024-08-05 2024-06-30 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 23,422 23,422 713 0.0785
2024-04-19 2024-03-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 0 -26,216 -100.00 0 -100.00
2024-02-02 2023-12-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 26,216 -389 -1.46 726 3.28 0.0862
2023-10-19 2023-09-30 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 26,605 -41,026 -60.66 703 -61.56 0.0980
2023-07-21 2023-06-30 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 67,631 145 0.21 1,826 1.61 0.2340
2023-04-21 2023-03-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 67,486 2,132 3.26 1,797 3.04 0.2450
2023-02-22 2022-12-31 13F FIRST TRUST NORTH AMERICAN ENERG ETF ETF 33738D101 65,354 8 0.01 1,744 7.26 0.2550
2022-11-14 2022-09-30 13F FIRST TRUST NORTH AMERICAN ENERG ETF ETF 33738D101 65,346 11 0.02 1,626 -3.33 0.2388
2022-08-10 2022-06-30 13F FIRST TRUST NORTH AMERICAN ENERG ETF ETF 33738D101 65,335 48 0.07 1,682 -6.92 0.2220
2022-05-16 2022-03-31 13F FIRST TRUST NORTH AMERICAN ENERG ETF ETF 33738D101 65,287 1,007 1.57 1,807 12.66 0.1856
2022-01-18 2021-12-31 13F FIRST TRUST NORTH AMERICAN ENERG ETF ETF 33738D101 64,280 9,853 18.10 1,604 24.53 0.1550
2021-11-03 2021-09-30 13F FIRST TRUST NORTH AMERICAN ENERG ETF ETF 33738D101 54,427 1,609 3.05 1,288 -0.31 0.1400
2021-07-29 2021-06-30 13F FIRST TRUST NORTH AMERICAN ENERG ETF ETF 33738D101 52,818 20,919 65.58 1,292 77.47 0.1471
2021-05-04 2021-03-31 13F FIRST TRUST NORTH AMERICAN ENERG ETF ETF 33738D101 31,899 -2,004 -5.91 728 2.39 0.0946
2021-01-14 2020-12-31 13F FIRST TRUST NORTH AMERICAN ENERG ETF ETF 33738D101 33,903 523 1.57 711 11.79 0.1023
2020-11-02 2020-09-30 13F FIRST TRUST NORTH AMERICAN ENERG ETF ENERG ETF 33738D101 33,380 -1,547 -4.43 636 -8.62 0.1132
2020-07-31 2020-06-30 13F FIRST TRUST NORTH AMERICAN ENERG ETF ETF 33738D101 34,927 2,327 7.14 696 20.00 0.1355
2020-04-30 2020-03-31 13F FIRST TRUST NORTH AMERICAN ENERG ETF NORTH AMERICAN ENERG ETF 33738D101 32,600 1,210 3.85 580 -27.50 0.1340
2020-01-29 2019-12-31 13F FIRST TRUST NORTH AMERICAN ENERG ETF NORTH AMERICAN ENERG ETF 33738D101 31,390 15,520 97.79 800 103.05 0.1430
2018-08-02 2017-09-30 13F FIRST TR EXCHANGE TRADED FD IV NO AMER ENERGY EXCHANGE TRADED FD IV NO AMER ENERGY 33738D101 15,870 -749 -4.51 394 -6.19 0.1307
2018-09-05 2017-03-31 13F FIRST TR EXCHANGE TRADED FD IV NO AMER ENERGY IV NO AMER ENERGY 33738D101 16,619 16,619 420 0.1635
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.