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
InstitutionIFP Advisors, Inc
Latest Disclosed Ownership137,246 shares
Latest Disclosed Value $ 2,739,430
IFP Advisors, Inc reports 19.76% increase in ownership of FSMB / First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF

On April 13, 2026 - IFP Advisors, Inc filed a 13F-HR form disclosing ownership of 137,246 shares of First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF (US:FSMB) valued at $2,739,430 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 114,601 shares of First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF. This represents a change in shares of 19.76% during the quarter. The current value of the position is $2,745,606 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)
2026-04-13 2026-03-31 13F FIRST TR EXCH TRADED FD III mc 33739P830 137,246 22,645 19.76 2,739 19.24 0.0568
2026-02-06 2025-12-31 13F FIRST TR EXCH TRADED FD III mc 33739P830 114,601 9,240 8.77 2,297 8.61 0.0516
2026-02-06 2025-09-30 13F/A-1 FIRST TR EXCH TRADED FD III SHRT DUR MNG MUN mc 33739P830 105,361 3,153 3.08 2,116 3.98 0.0549
2025-12-02 2025-09-30 13F FIRST TR EXCH TRADED FD III SHRT DUR MNG MUN mc 33739P830 105,362 3,154 2,116 0.0546
2025-07-24 2025-06-30 13F FIRST TR EXCH TRADED mc 33739P830 102,208 6,299 6.57 2,034 6.77 0.0578
2025-05-05 2025-03-31 13F FIRST TR EXCH TRADED FD III mc 33739P830 95,909 -7,555 -7.30 1,906 -7.16 0.0588
2025-02-04 2024-12-31 13F FIRST TR EXCH TRADED FD III mc 33739P830 103,464 6,310 6.49 2,053 5.56 0.0672
2025-02-04 2024-09-30 13F FIRST TR EXCH TRADED FD III mc 33739P830 97,154 -9,163 -8.62 1,944 -7.47 0.0701
2024-07-30 2024-06-30 13F FIRST TR EXCH TRADED FD III mc 33739P830 106,317 3,615 3.52 2,102 3.14 0.0834
2024-07-30 2024-03-31 13F FIRST TR EXCH TRADED FD III mc 33739P830 102,702 7,039 7.36 2,037 6.76 0.0893
2024-01-09 2023-12-31 13F FIRST TR EXCH TRADED FD III mc 33739P830 95,663 -21,288 -18.20 1,908 -15.84 0.0901
2023-10-12 2023-09-30 13F FIRST TR EXCH TRADED FD III mc 33739P830 116,951 -12,302 -9.52 2,267 -11.13 0.1019
2023-08-14 2023-06-30 13F/A-1 FIRST TR EXCH TRADED FD III mc 33739P830 129,253 -2,635 -2.00 2,551 -3.22 0.1067
2023-08-04 2023-06-30 13F FIRST TR EXCH TRADED FD III mc 33739P830 129,253 -2,635 2,584 0.1195
2023-04-18 2023-03-31 13F FIRST TR EXCH TRADED FD III mc 33739P830 131,888 -5,929 -4.30 2,636 131,700.00 0.1147
2023-02-07 2022-12-31 13F FIRST TR EXCH TRADED FD III mc 33739P830 137,817 21,770 18.76 3 -99.91 0.0735
2022-11-08 2022-09-30 13F FIRST TR EXCH TRADED FD III mc 33739P830 116,047 68,735 145.28 2,318 145.29 0.0604
2022-09-06 2022-06-30 13F/A-1 FIRST TR EXCH TRADED FD III mc 33739P830 47,312 0 0.00 945 0.00 0.0303
2022-09-06 2022-03-31 13F/A-1 FIRST TR EXCH TRADED FD III mc 33739P830 47,312 13,922 41.70 945 35.39 0.0303
2022-08-08 2022-03-31 13F FIRST TR EXCH TRADED FD III SHRT DUR MNG MUN CEF 33739P830 40,086 6,696 804 0.0164
2022-01-12 2021-12-31 13F FIRST TR EXCH TRADED FD III SHRT DUR MNG MUN CEF 33739P830 33,390 6,892 26.01 698 24.87 0.0136
2021-10-06 2021-09-30 13F FIRST TR EXCH TRADED FD III SHRT DUR MNG MUN CEF 33739P830 26,498 6,169 30.35 559 31.53 0.0112
2021-07-13 2021-06-30 13F FIRST TR EXCH TRADED FD III SHRT DUR MNG MUN CEF 33739P830 20,329 20,329 425 0.0088
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.