First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
US ˙ ARCA ˙ US33739E1082

SecurityFPE / First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership47,240 shares
Latest Disclosed Value $ 838,539
Level Four Advisory Services, Llc reports 8.69% increase in ownership of FPE / First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 47,240 shares of First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF (US:FPE) valued at $838,510 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 43,463 shares of First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF. This represents a change in shares of 8.69% during the quarter. The current value of the position is $849,375 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 PFD SECS INC ETF 33739E108 47,240 3,777 8.69 839 5.94 0.0275
2026-02-13 2025-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 43,463 5,384 14.14 792 13.98 0.0259
2025-11-12 2025-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 38,079 5,962 18.56 695 21.54 0.0238
2025-08-13 2025-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 32,117 -5,611 -14.87 572 -13.88 0.0211
2025-05-14 2025-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 37,728 4,556 13.73 664 12.95 0.0273
2025-02-12 2024-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 33,172 799 2.47 587 1.38 0.0240
2024-11-14 2024-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 32,373 1,962 6.45 579 9.87 0.0244
2024-08-09 2024-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 30,411 -2,740 -8.27 528 -5.56 0.0238
2024-05-13 2024-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 33,151 0 0.00 559 0.00 0.0307
2024-02-08 2023-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 33,151 33,151 559 0.0314
2023-11-13 2023-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 0 -44,659 -100.00 0 -100.00
2023-07-10 2023-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 44,659 -254,777 -85.09 713 -85.08 0.0428
2023-06-05 2023-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 299,436 -5,277 -1.73 4,779 -6.66 0.3135
2023-02-13 2022-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 304,713 304,713 5,119 0.3800
2022-08-08 2022-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 0 -412,589 -100.00 0 -100.00
2022-05-10 2022-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 412,589 -38,849 -8.61 7,847 -14.46 0.6147
2022-02-11 2021-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 451,438 17,427 4.02 9,173 2.89 0.6994
2021-10-12 2021-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 434,011 -157,258 -26.60 8,915 -26.81 0.9271
2021-08-09 2021-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 591,269 14,587 2.53 12,180 4.82 0.8422
2021-05-10 2021-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 576,682 26,874 4.89 11,620 4.68 0.9024
2021-02-10 2020-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 549,808 -55,978 -9.24 11,101 -4.41 0.8910
2020-11-02 2020-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 605,786 103,775 20.67 11,613 25.75 0.8946
2020-08-17 2020-06-30 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 502,011 -157,258 -23.85 9,235 -14.63 0.7144
2020-05-13 2020-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 659,269 659,269 10,817 1.2975
2019-11-12 2019-09-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 0 -640,147 -100.00 0 -100.00
2019-08-14 2019-06-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 640,147 -18,149 -2.76 12,432 -0.89 1.2550
2019-05-15 2019-03-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 658,296 69,257 11.76 12,544 18.64 1.3816
2019-02-07 2018-12-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 589,039 76,604 14.95 10,573 8.02 1.3184
2018-11-14 2018-09-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 512,435 67,483 15.17 9,788 15.49 1.0578
2018-08-14 2018-06-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 444,952 55,221 14.17 8,475 11.75 0.6174
2018-05-14 2018-03-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 389,731 315,785 427.05 7,584 412.43 0.5880
2018-02-13 2017-12-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 73,946 73,946 1,480 0.1151
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.