First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF (FSMB) Institutional Ownership

13F Institutional Holders and Ownership History from Q4 2018 to Q4 2025

Type / Class
Equity / First Trust Short Duration Managed Municipal ETF
Symbol
FSMB
Shares outstanding
25,456,738
Price per share
$20.10
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
20,751,364
Total reported value
$415,970,213
% of total 13F portfolios
0%
Share change
+786,148
Value change
+$15,744,972
Number of holders
138
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF (FSMB) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
FIRST TRUST PORTFOLIOS LP 5.6% $28,473,642 1,420,486 First Trust Portfolios L.P. 31 Dec 2025

As of 31 Dec 2025, 138 institutional investors reported holding 20,751,364 shares of First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF (FSMB). This represents 82% of the company’s total 25,456,738 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF (FSMB) together control 64% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
MORGAN STANLEY 17% 4,412,903 +0.38% 0.01% $88,456,671
LPL Financial LLC 5.6% 1,422,753 -1.2% 0.01% $28,519,089
Corient Private Wealth LLC 4.8% 1,225,195 0% 0.04% $24,559,036
RMR Wealth Builders 4% 1,023,222 +8.4% 1.6% $20,510,482
HighTower Advisors, LLC 3.5% 880,016 +5.5% 0.02% $17,639,917
PFS Partners, LLC 2.7% 687,636 -2% 6.3% $13,783,662
UBS Group AG 2.7% 685,880 +0.84% 0% $13,748,465
TruWealth Advisors, LLC 2.4% 619,568 -3.5% 0.61% $12,419,248
NewEdge Advisors, LLC 1.9% 487,616 +10% 0.04% $9,774,265
ROYAL BANK OF CANADA 1.9% 479,560 +6% 0% $9,613,000
Rockefeller Capital Management L.P. 1.9% 477,905 +14% 0.02% $9,579,443
WELLS FARGO & COMPANY/MN 1.8% 461,233 +8.7% 0% $9,245,429
RAYMOND JAMES FINANCIAL INC 1.8% 458,782 +7.1% 0% $9,196,273
EnRich Financial Partners LLC 1.6% 396,123 +3.2% 2.2% $7,940,285
ENVESTNET ASSET MANAGEMENT INC 1.5% 387,356 +15% 0% $7,764,556
OSAIC HOLDINGS, INC. 1.2% 299,549 -1.5% 0.01% $6,005,128
Nilsine Partners, LLC 0.99% 252,715 +2.5% 0.44% $5,065,673
Allworth Financial LP 0.92% 235,153 -7.3% 0.02% $4,713,633
CONDOR CAPITAL MANAGEMENT 0.91% 230,777 -1.4% 0.37% $4,625,936
STIFEL FINANCIAL CORP 0.88% 223,207 -5.5% 0% $4,474,245
Cetera Investment Advisers 0.84% 214,530 +4% 0% $4,300,254
JPMORGAN CHASE & CO 0.84% 214,080 -12% 0% $4,291,247
TrueWealth Financial Partners 0.79% 201,726 3.3% $4,043,593
True Blue Financial, LLC 0.79% 201,726 0% 3.3% $4,043,596
COMMONWEALTH EQUITY SERVICES, LLC 0.78% 199,110 +62% 0.01% $3,991,160

Institutional Holders of First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF (FSMB) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 20,751,364 $415,970,213 +$15,744,972 $20.04 138
2025 Q3 18,373,288 $368,924,606 -$12,112,211 $20.08 126
2025 Q2 18,819,208 $374,597,181 +$18,400,366 $19.90 125
2025 Q1 18,006,433 $357,735,806 +$18,985,714 $19.87 127
2024 Q4 17,191,319 $341,089,346 +$19,870,944 $19.84 129
2024 Q3 15,927,338 $318,683,029 -$26,264,430 $20.01 118
2024 Q2 17,231,123 $340,685,040 +$9,926,359 $19.77 117
2024 Q1 16,635,159 $329,950,273 +$2,512,692 $19.84 116
2023 Q4 16,571,825 $330,613,333 +$9,594,077 $19.95 121
2023 Q3 15,645,437 $303,282,102 -$16,299,989 $19.38 112
2023 Q2 16,353,880 $322,824,069 +$11,812,120 $19.74 107
2023 Q1 15,821,126 $314,544,556 +$8,932,276 $19.88 106
2022 Q4 15,061,327 $297,348,072 +$42,902,005 $19.74 106
2022 Q3 12,746,474 $248,550,350 +$59,771,988 $19.50 98
2022 Q2 9,607,485 $190,726,754 +$29,122,593 $19.85 85
2022 Q1 8,133,437 $163,303,876 +$52,059,677 $20.08 68
2021 Q4 5,496,433 $114,381,449 +$26,303,054 $20.81 70
2021 Q3 3,975,518 $82,952,293 +$10,155,643 $20.87 55
2021 Q2 3,489,368 $72,952,976 +$27,766,299 $20.91 50
2021 Q1 2,161,455 $44,987,820 +$7,461,095 $20.81 41
2020 Q4 1,770,942 $36,852,146 +$2,567,526 $20.81 40
2020 Q3 1,575,827 $32,542,001 +$4,279,853 $20.66 36
2020 Q2 1,320,697 $27,100,767 +$6,610,349 $20.52 30
2020 Q1 1,000,046 $20,095,033 +$10,235,515 $20.10 22
2019 Q4 485,370 $9,934,591 +$1,156,742 $20.46 17
2019 Q3 419,199 $8,587,394 -$7,887,099 $20.49 13
2019 Q2 805,289 $16,424,080 -$2,680,562 $20.40 12
2019 Q1 936,926 $18,991,067 -$1,042,224 $20.27 12
2018 Q4 987,428 $19,921,000 +$19,921,000 $20.18 7