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
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership73,496 shares
Latest Disclosed Value $ 3,208,855
Level Four Advisory Services, Llc reports 422.77% increase in ownership of EMLP / First Trust Exchange-Traded Fund IV - First Trust North American Energy Infrastructure Fund

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 73,496 shares of First Trust Exchange-Traded Fund IV - First Trust North American Energy Infrastructure Fund (US:EMLP) valued at $3,208,835 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 14,059 shares of First Trust Exchange-Traded Fund IV - First Trust North American Energy Infrastructure Fund. This represents a change in shares of 422.77% during the quarter. The current value of the position is $3,168,413 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)
2026-05-14 2026-03-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 73,496 59,437 422.77 3,209 503.01 0.1053
2026-02-13 2025-12-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 14,059 753 5.66 532 4.52 0.0174
2025-11-12 2025-09-30 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 13,306 1,419 11.94 510 14.38 0.0174
2025-08-13 2025-06-30 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 11,887 363 3.15 446 3.01 0.0164
2025-05-14 2025-03-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 11,524 2,022 21.28 432 27.81 0.0178
2025-02-12 2024-12-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 9,502 1,115 13.29 339 18.18 0.0138
2024-11-14 2024-09-30 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 8,387 8,387 286 0.0120
2021-02-10 2020-12-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 0 -10,826 -100.00 0 -100.00
2020-11-02 2020-09-30 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 10,826 -140 -1.28 206 -5.50 0.0159
2020-08-17 2020-06-30 13F/A-1 FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 10,966 470 4.48 218 16.58 0.0169
2020-05-13 2020-03-31 13F FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 10,496 -2,456 -18.96 187 -43.16 0.0224
2020-02-13 2019-12-31 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 12,952 2,031 18.60 329 17.50 0.0130
2019-11-12 2019-09-30 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 10,921 -5,389 -33.04 280 -31.71 0.0290
2019-08-14 2019-06-30 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 16,310 4,949 43.56 410 45.91 0.0414
2019-05-15 2019-03-31 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 11,361 595 5.53 281 21.65 0.0310
2019-02-07 2018-12-31 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 10,766 13 0.12 231 -8.33 0.0288
2018-11-14 2018-09-30 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 10,753 64 0.60 252 1.61 0.0272
2018-08-14 2018-06-30 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 10,689 -2,167 -16.86 248 -12.06 0.0181
2018-05-14 2018-03-31 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 12,856 -8,254 -39.10 282 -45.56 0.0219
2018-02-13 2017-12-31 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 21,110 -338 -1.58 518 -2.63 0.0403
2018-04-03 2017-09-30 13F/A-1 FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 21,448 2,466 12.99 532 10.60 0.0472
2017-11-15 2017-09-30 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 21,336 2,354 533
2017-09-20 2017-06-30 13F/A-1 FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 18,982 -544 -2.79 481 -2.63 0.0741
2017-07-12 2017-06-30 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 18,982 -544 481
2017-09-20 2017-03-31 13F/A-1 FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 19,526 2,692 15.99 494 16.24 0.0503
2017-05-15 2017-03-31 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 19,526 2,692 494
2017-02-14 2016-12-31 13F FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 16,834 16,834 425 0.0543
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.