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
InstitutionMorgan Stanley
Latest Disclosed Ownership3,340,219 shares
Latest Disclosed Value $ 169,215,560
Morgan Stanley reports 13.40% increase in ownership of FMB / First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 3,340,219 shares of First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF (US:FMB) valued at $169,215,495 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 2,945,540 shares of First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF. This represents a change in shares of 13.40% during the quarter. The current value of the position is $171,353,235 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 TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 3,340,219 394,679 13.40 169,216 12.35 0.0102
2026-05-27 2025-12-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,945,540 -20,235 -0.68 150,620 0.17 0.0090
2026-02-13 2025-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,945,540 -20,235 150,620 0.0090
2026-05-27 2025-09-30 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,965,775 -93,488 -3.06 150,370 -1.34 0.0091
2025-11-14 2025-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,965,775 -93,488 150,370 0.0091
2025-08-15 2025-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 3,059,263 79,971 2.68 152,412 1.46 0.0099
2025-05-15 2025-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,979,292 -160,619 -5.12 150,222 -6.21 0.0107
2025-05-15 2024-12-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 3,139,911 9,064 0.29 160,167 -1.54 0.0112
2025-02-14 2024-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 3,139,911 9,064 160,167 0.0112
2025-05-14 2024-09-30 13F/A-2 FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 3,130,847 270,785 9.47 162,679 11.40 0.0118
2025-02-14 2024-09-30 13F/A-1 FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 3,130,847 270,785 162,679 0.0118
2024-11-14 2024-09-30 13F FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 3,130,847 270,785 162,679 0.0014
2025-05-14 2024-06-30 13F/A-2 FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 2,860,062 173,136 6.44 146,035 5.82 0.0113
2024-10-17 2024-06-30 13F/A-1 FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 2,860,062 173,136 146,035 0.0113
2024-08-14 2024-06-30 13F FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 2,860,062 173,136 146,035 0.0113
2024-10-17 2024-03-31 13F/A-2 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,686,926 159,083 6.29 138,001 5.67 0.0111
2024-08-16 2024-03-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,686,926 159,083 138,001 0.0013
2024-05-15 2024-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,686,926 159,083 138,001 0.0111
2024-08-16 2023-12-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,527,843 416,135 19.71 130,600 26.52 0.0115
2024-02-13 2023-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,527,843 416,135 130,600 0.0115
2023-11-15 2023-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,111,708 56,674 2.76 103,220 -0.89 0.0105
2023-08-14 2023-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,055,034 -13,602 -0.66 104,149 -1.16 0.0103
2023-05-15 2023-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,068,636 14,476 0.70 105,367 2.36 0.0113
2023-02-14 2022-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,054,160 -30,075 -1.44 102,934 1.37 0.0117
2022-11-14 2022-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,084,235 128,160 6.55 101,544 2.57 0.0138
2022-10-27 2022-06-30 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 1,956,075 -428,572 -17.97 98,996 -21.76 0.0128
2022-08-15 2022-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 1,956,075 -428,572 98,996 0.0026
2022-10-27 2022-03-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,384,647 -435,149 -15.43 126,529 -21.25 0.0171
2022-05-13 2022-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,384,647 -435,149 126,529 0.0171
2022-02-14 2021-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,819,796 95,346 3.50 160,672 3.86 0.0198
2021-11-15 2021-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,724,450 112,936 4.32 154,694 3.41 0.0208
2021-08-23 2021-06-30 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,611,514 112,159 4.49 149,587 6.06 0.0197
2021-08-16 2021-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,611,514 112,159 149,587 0.0041
2021-05-17 2021-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,499,355 89,265 3.70 141,039 3.16 0.0207
2021-02-16 2020-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,410,090 324,281 15.55 136,725 17.89 0.0211
2020-11-13 2020-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,085,809 90,186 4.52 115,981 5.65 0.0224
2020-08-14 2020-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 1,995,623 88,495 4.64 109,780 6.46 0.0243
2020-05-26 2020-03-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 1,907,128 62,800 3.41 103,118 0.65 0.0280
2020-05-15 2020-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 1,907,128 62,800 103,118 7,921.6120
2020-02-14 2019-12-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 1,844,328 168,754 10.07 102,449 10.05 0.0238
2019-11-14 2019-09-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 1,675,574 276,243 19.74 93,095 21.47 0.0246
2019-08-14 2019-06-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 1,399,331 163,155 13.20 76,641 15.13 0.0204
2019-05-15 2019-03-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 1,236,176 193,397 18.55 66,568 21.32 0.0188
2019-02-14 2018-12-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 1,042,779 -17,169 -1.62 54,871 -0.89 0.0164
2019-04-23 2018-09-30 13F/A-2 FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 1,059,948 92,422 9.55 55,361 8.64 0.0139
2018-11-20 2018-09-30 13F/A-1 FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 1,059,948 0 55,361 0.0139
2018-11-14 2018-09-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 1,059,948 92,422 55,361
2019-04-23 2018-06-30 13F/A-1 FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 967,526 54,836 6.01 50,959 6.17 0.0138
2018-08-14 2018-06-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 967,526 54,836 50,959
2019-04-23 2018-03-31 13F/A-1 FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 912,690 206,016 29.15 47,999 26.91 0.0133
2018-05-14 2018-03-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 912,690 206,016 47,999
2019-04-23 2017-12-31 13F/A-1 FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 706,674 207,773 41.65 37,822 42.42 0.0104
2018-02-14 2017-12-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 706,674 207,773 37,822
2017-11-14 2017-09-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 498,901 83,205 20.02 26,556 21.03 0.0080
2017-08-11 2017-06-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 415,696 -15,896 -3.68 21,941 -1.84 0.0066
2017-05-22 2017-03-31 13F/A-1 FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 431,592 260,679 152.52 22,352 155.48 0.0069
2017-05-12 2017-03-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 431,592 22,352
2017-02-22 2016-12-31 13F/A-1 FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 170,913 98,431 135.80 8,749 123.76 0.0029
2017-02-13 2016-12-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 170,913 8,749
2016-11-10 2016-09-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 72,482 23,748 48.73 3,910 48.73 0.0013
2016-08-12 2016-06-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 48,734 11,464 30.76 2,629 33.38 0.0009
2016-05-12 2016-03-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 37,270 37,270 1,971 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.