First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF
US ˙ ARCA

SecurityFSMB / First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF
InstitutionAdvisory Services Network, LLC
Latest Disclosed Ownership1,600 shares
Latest Disclosed Value $ 31,936
Advisory Services Network, LLC ownership in FSMB / First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF

On May 15, 2026 - Advisory Services Network, LLC filed a 13F-HR form disclosing ownership of 1,600 shares of First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF (US:FSMB) valued at $31,936 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 0 shares of First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF. The current value of the position is $32,008 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)
2026-05-15 2026-03-31 13F FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF ETF 33739P830 1,600 1,600 32 0.0003
2026-02-17 2025-12-31 13F FIRST TR EXCH TRADED FD III ETF 33739P830 0 -1,600 -100.00 0 -100.00
2025-11-18 2025-09-30 13F FIRST TR EXCH TRADED FD III ETF 33739P830 1,600 1,600 32 0.0005
2024-05-06 2024-03-31 13F FIRST TR EXCH TRADED FD III ETF 33739P830 0 -3,656 -100.00 0 -100.00
2024-02-09 2023-12-31 13F FIRST TR EXCH TRADED FD III ETF 33739P830 3,656 3,656 73 0.0018
2023-08-09 2023-06-30 13F FIRST TR EXCH TRADED FD III ETF 33739P830 0 -11,466 -100.00 0 -100.00
2023-05-17 2023-03-31 13F FIRST TR EXCH TRADED FD III ETF 33739P830 11,466 2,193 23.65 228 24.04 0.0063
2023-02-13 2022-12-31 13F FIRST TR EXCH TRADED FD III ETF 33739P830 9,273 -4,176 -31.05 183 -30.15 0.0056
2022-11-14 2022-09-30 13F FIRST TR EXCH TRADED FD III ETF 33739P830 13,449 -41,950 -75.72 262 -76.18 0.0092
2022-08-02 2022-06-30 13F FIRST TR EXCH TRADED FD III ETF 33739P830 55,399 9,513 20.73 1,100 19.31 0.0376
2022-05-23 2022-03-31 13F FIRST TR EXCH TRADED FD III ETF 33739P830 45,886 7,767 20.38 922 16.27 0.0271
2022-02-14 2021-12-31 13F FIRST TR EXCH TRADED FD III ETF 33739P830 38,119 17,845 88.02 793 87.47 0.0228
2021-11-05 2021-09-30 13F FIRST TR EXCH TRADED FD III ETF 33739P830 20,274 4,071 25.12 423 24.78 0.0135
2021-08-12 2021-06-30 13F FIRST TR EXCH TRADED FD III ETF 33739P830 16,203 3,690 29.49 339 30.38 0.0107
2021-05-24 2021-03-31 13F FIRST TR EXCH TRADED FD III ETF 33739P830 12,513 6,832 120.26 260 120.34 0.0097
2021-02-09 2020-12-31 13F FIRST TR EXCH TRADED FD III ETF 33739P830 5,681 4,862 593.65 118 594.12 0.0047
2020-11-16 2020-09-30 13F FIRST TR EXCH TRADED FD III ETF 33739P830 819 819 17 0.0008
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.