First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
US ˙ NasdaqGM ˙ US33739N1081

SecurityFMB / First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
InstitutionCommonwealth Equity Services, Llc
Latest Disclosed Ownership350,316 shares
Latest Disclosed Value $ 17,913,428
Commonwealth Equity Services, Llc reports 7.90% decrease in ownership of FMB / First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF

On February 12, 2026 - Commonwealth Equity Services, Llc filed a 13F-HR form disclosing ownership of 350,316 shares of First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF (US:FMB) valued at $17,913,409 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 22, 2025 disclosing 380,355 shares of First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF. This represents a change in shares of -7.90% during the quarter. The current value of the position is $17,971,211 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)
2026-02-12 2025-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 350,316 -30,039 -7.90 17,913 94,178.95
2025-10-22 2025-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 380,355 -9,331 -2.39 19 0.00 0.0250
2025-08-06 2025-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 389,686 5,337 1.39 19 0.00 0.0256
2025-05-09 2025-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 384,349 75,137 24.30 19 26.67 0.0274
2025-02-10 2024-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 309,212 48,986 18.82 16 15.38 0.0231
2024-10-18 2024-09-30 13F FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 260,226 -52,841 -16.88 14 -13.33 0.0205
2024-07-31 2024-06-30 13F FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 313,067 -22,460 -6.69 16 -11.76 0.0253
2024-04-29 2024-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 335,527 45,586 15.72 17 21.43 0.0286
2024-02-06 2023-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 289,941 12,815 4.62 15 7.69 0.0274
2023-10-23 2023-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 277,126 -50,542 -15.42 14 -18.75 0.0281
2023-08-10 2023-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 327,668 -6,083 -1.82 17 0.00 0.0338
2023-05-11 2023-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 333,751 133,264 66.47 17 60.00 0.0357
2023-02-07 2022-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 200,487 59,675 42.38 10 -99.85 0.0242
2022-11-14 2022-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 140,812 -60,021 -29.89 6,860 -32.51 0.0177
2022-07-19 2022-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 200,833 -6,477 -3.12 10,164 -7.59 0.0265
2022-05-04 2022-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 207,310 13,948 7.21 10,999 -0.16 0.0251
2022-01-31 2021-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 193,362 -24,782 -11.36 11,017 -11.05 0.0248
2021-10-29 2021-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 218,144 8,643 4.13 12,386 3.22 0.0311
2021-08-11 2021-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 209,501 26,289 14.35 12,000 16.08 0.0305
2021-05-04 2021-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 183,212 2,599 1.44 10,338 0.90 0.0292
2021-02-11 2020-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 180,613 10,855 6.39 10,246 8.55 0.0308
2020-11-05 2020-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 169,758 -6,717 -3.81 9,439 -2.77 0.0322
2020-08-12 2020-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 176,475 9,608 5.76 9,708 7.60 0.0366
2020-05-11 2020-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 166,867 -25,225 -13.13 9,022 -15.45 0.0420
2020-02-05 2019-12-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 192,092 7,407 4.01 10,670 3.99 0.0406
2019-10-30 2019-09-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 184,685 13,513 7.89 10,261 9.45 0.0438
2019-07-19 2019-06-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 171,172 86,051 101.09 9,375 104.56 0.0413
2019-05-13 2019-03-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 85,121 46,319 119.37 4,583 124.55 0.0212
2019-02-11 2018-12-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 38,802 7,472 23.85 2,041 24.76 0.0108
2018-11-06 2018-09-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 31,330 4,171 15.36 1,636 14.41 0.0078
2018-07-31 2018-06-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 27,159 3,658 15.57 1,430 15.79 0.0075
2018-05-14 2018-03-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 23,501 4,290 22.33 1,235 20.14 0.0067
2018-02-12 2017-12-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 19,211 19,211 1,028 0.0056
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.