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
InstitutionKoshinski Asset Management, Inc.
Latest Disclosed Ownership12,699 shares
Latest Disclosed Value $ 643,324
Koshinski Asset Management, Inc. reports 5.49% decrease in ownership of FMB / First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF

On April 27, 2026 - Koshinski Asset Management, Inc. filed a 13F-HR form disclosing ownership of 12,699 shares of First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF (US:FMB) valued at $643,331 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 3, 2026 disclosing 13,436 shares of First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF. This represents a change in shares of -5.49% during the quarter. The current value of the position is $650,824 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)
2026-04-27 2026-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 12,699 -737 -5.49 643 -6.40 0.0401
2026-02-03 2025-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 13,436 -975 -6.77 687 -5.89 0.0442
2025-11-10 2025-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 14,411 -3,543 -19.73 731 -18.34 0.0491
2025-07-29 2025-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 17,954 -4,456 -19.88 894 -20.81 0.0675
2025-04-25 2025-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 22,410 -1,722 -7.14 1,130 -8.21 0.0959
2025-01-16 2024-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 24,132 -2,222 -8.43 1,231 -10.15 0.1053
2024-10-10 2024-09-30 13F FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 26,354 -429 -1.60 1,369 -0.29 0.1184
2024-07-12 2024-06-30 13F FIRST TR EXCHANGE-TRADED FD MANAGD MUN ETF 33739N108 26,783 7,656 40.03 1,374 39.82 0.1273
2024-05-08 2024-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 19,127 19,127 982 0.1005
2024-01-29 2023-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 0 -46,444 -100.00 0 -100.00
2023-10-18 2023-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 46,444 1,142 2.52 2,270 -1.09 0.2609
2023-07-28 2023-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 45,302 302 0.67 2,296 0.13 0.2460
2023-04-12 2023-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 45,000 -13,690 -23.33 2,292 -22.04 0.2238
2023-01-24 2022-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 58,690 2,420 4.30 2,941 146,900.00 0.2845
2022-10-20 2022-09-30 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 56,270 8,175 17.00 3 0.00 0.3273
2022-10-18 2022-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 56,270 8,175 3 0.3273
2022-07-12 2022-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 48,095 6,377 15.29 2 -99.91 0.2419
2022-04-20 2022-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 41,718 41,718 2,214 0.1818
2022-01-13 2021-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 0 -34,958 -100.00 0 -100.00
2021-10-12 2021-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 34,958 4,071 13.18 1,985 12.15 0.1725
2021-07-26 2021-06-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 30,887 30,887 1,769 0.2225
2021-05-06 2021-03-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 0 -36,866 -100.00 0 -100.00
2021-03-30 2020-12-31 13F/A-2 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 36,866 11,473 45.18 2,091 48.51 0.2649
2021-02-05 2020-12-31 13F/A-1 FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 31,967 -4,899 2,091 0.2648
2021-02-02 2020-12-31 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 171,997 146,604 1,089 223,299.4181
2020-11-16 2020-09-30 13F FIRST TR EXCH TRADED FD III MANAGD MUN ETF 33739N108 25,393 25,393 1,408 0.1892
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.