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
InstitutionCwm, Llc
Latest Disclosed Ownership123,047 shares
Latest Disclosed Value $ 6,233,567
Cwm, Llc reports 6.83% decrease in ownership of FMB / First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 123,047 shares of First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF (US:FMB) valued at $6,233,561 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 132,062 shares of First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF. This represents a change in shares of -6.83% during the quarter. The current value of the position is $6,307,389 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)
2026-05-14 2026-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 123,047 -9,015 -6.83 6,234 103,783.33 0.0162
2026-01-26 2025-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 132,062 5,021 3.95 7 0.00 0.0183
2025-10-15 2025-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 127,041 20,364 19.09 6 20.00 0.0194
2025-07-25 2025-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 106,677 10,756 11.21 5 25.00 0.0187
2025-05-01 2025-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 95,921 -10,204 -9.62 5 -20.00 0.0193
2025-02-04 2024-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 106,125 45,275 74.40 5 66.67 0.0225
2024-10-08 2024-09-30 13F FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 60,850 -30,738 -33.56 3 -25.00 0.0136
2024-07-10 2024-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 91,588 35,127 62.21 5 100.00 0.0220
2024-04-05 2024-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 56,461 31,733 128.33 3 100.00 0.0141
2024-02-01 2023-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 24,728 7,648 44.78 1 0.0069
2023-10-11 2023-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 17,080 1,042 6.50 1 0.0051
2023-08-03 2023-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 16,038 -5,900 -26.89 1 -100.00 0.0050
2023-05-01 2023-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 21,938 -90,136 -80.43 1 -80.00 0.0075
2023-02-01 2022-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 112,074 88,547 376.36 6 -99.56 0.0414
2022-10-27 2022-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 23,527 -825 -3.39 1,146 -6.98 0.0091
2022-07-28 2022-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 24,352 -130,419 -84.27 1,232 -85.00 0.0095
2022-04-21 2022-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 154,771 138,848 872.00 8,212 805.40 0.0583
2022-01-31 2021-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 15,923 -113,923 -87.74 907 -87.81 0.0064
2021-09-15 2021-06-30 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 0 0.00 7,438 0.00 0.0593
2021-07-29 2021-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 0 7,438 0.0593
2021-09-15 2021-03-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 0 0.00 7,438 0.00 0.0593
2021-04-27 2021-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 15,330 -114,516 865 0.0076
2021-09-15 2020-12-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 0 0.00 7,438 0.00 0.0593
2021-01-27 2020-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 15,764 -114,082 894 0.0084
2021-09-15 2020-09-30 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 0 0.00 7,438 0.00 0.0593
2020-10-19 2020-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 6,083 -123,763 338 0.0038
2021-09-15 2020-06-30 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 0 0.00 7,438 0.00 0.0593
2020-07-22 2020-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 2,234 -127,612 123 0.0015
2021-09-15 2020-03-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 0 0.00 7,438 0.00 0.0593
2020-04-28 2020-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 744,863 615,017 40,275 0.5997
2021-09-14 2019-12-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 0 0.00 7,438 0.00 0.0593
2020-01-27 2019-12-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 328,787 198,941 18,263 0.2333
2021-09-14 2019-09-30 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 0 0.00 7,438 0.00 0.0593
2019-10-22 2019-09-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 380,542 250,696 21,143 0.3078
2021-09-14 2019-06-30 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 0 0.00 7,438 0.00 0.0593
2019-07-31 2019-06-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 337,905 208,059 18,507 0.3061
2021-09-02 2019-03-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 129,846 129,846 7,438 0.0593
2019-04-22 2019-03-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 527 527 28 0.0006
2019-01-25 2018-12-31 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 0 -1,171 -100.00 0 -100.00
2018-10-29 2018-09-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 1,171 0 0.00 61 -1.61 0.0016
2018-07-31 2018-06-30 13F FIRST TR EXCHANG TRADED FD I MANAGD MUN ETF 33739N108 1,171 1,171 62 0.0020
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.