First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
US ˙ ARCA ˙ US33739P8555

SecurityFPEI / First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
InstitutionKovack Advisors, Inc.
Latest Disclosed Ownership33,995 shares
Latest Disclosed Value $ 647,903
Kovack Advisors, Inc. reports 1.17% increase in ownership of FPEI / First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF

On May 12, 2026 - Kovack Advisors, Inc. filed a 13F-HR form disclosing ownership of 33,995 shares of First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF (US:FPEI) valued at $645,905 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 17, 2026 disclosing 33,602 shares of First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF. This represents a change in shares of 1.17% during the quarter. The current value of the position is $654,064 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 EXCH TRADED FD III INSTL PFD SECS 33739P855 33,995 393 1.17 648 -0.61 0.0346
2026-02-17 2025-12-31 13F/A-1 FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 33,602 33,602 652 0.0303
2026-02-12 2025-12-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 33,602 33,602 640
2025-05-06 2025-03-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 0 -24,108 -100.00 0 -100.00
2025-02-05 2024-12-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 24,108 -3,223 -11.79 451 -13.63 0.0442
2024-11-05 2024-09-30 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 27,331 -3,975 -12.70 521 -9.39 0.0552
2024-08-05 2024-06-30 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 31,306 31,306 575 0.0633
2024-04-19 2024-03-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 0 -41,740 -100.00 0 -100.00
2024-02-02 2023-12-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 41,740 -15 -0.04 744 5.68 0.0884
2023-10-19 2023-09-30 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 41,755 7,116 20.54 705 20.75 0.0983
2023-07-21 2023-06-30 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 34,639 1,737 5.28 584 5.81 0.0748
2023-04-21 2023-03-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 32,902 -27 -0.08 551 -5.97 0.0751
2023-02-22 2022-12-31 13F FIRST TRUST INSTITL PREF SEC INM ETF ETF 33739P855 32,929 -1,304 -3.81 586 -0.17 0.0857
2022-11-14 2022-09-30 13F FIRST TRUST INSTITL PREF SEC INM ETF ETF 33739P855 34,233 3,973 13.13 587 9.51 0.0862
2022-08-10 2022-06-30 13F FIRST TRUST INSTITL PREF SEC INM ETF ETF 33739P855 30,260 -343 -1.12 536 -9.61 0.0707
2022-05-16 2022-03-31 13F FIRST TRUST INSTITL PREF SEC INM ETF ETF 33739P855 30,603 -2,350 -7.13 593 -11.76 0.0609
2022-01-18 2021-12-31 13F FIRST TRUST INSTITL PREF SEC INM ETF ETF 33739P855 32,953 4,182 14.54 672 13.13 0.0649
2021-11-03 2021-09-30 13F FIRST TRUST INSTITL PREF SEC INM ETF ETF 33739P855 28,771 4,643 19.24 594 19.04 0.0646
2021-07-29 2021-06-30 13F FIRST TRUST INSTITL PREF SEC INM ETF ETF 33739P855 24,128 4,873 25.31 499 27.95 0.0568
2021-05-04 2021-03-31 13F FIRST TRUST INSTITL PREF SEC INM ETF ETF 33739P855 19,255 19,255 390 0.0507
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.