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
InstitutionMorgan Stanley
Latest Disclosed Ownership52,758,707 shares
Latest Disclosed Value $ 936,467,072
Morgan Stanley reports 0.92% decrease in ownership of FPE / First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 52,758,707 shares of First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF (US:FPE) valued at $936,467,049 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 53,251,105 shares of First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF. This represents a change in shares of -0.92% during the quarter. The current value of the position is $948,601,552 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 PFD SECS INC ETF 33739E108 52,758,707 -492,398 -0.92 936,467 -3.48 0.0564
2026-05-27 2025-12-31 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 53,251,105 1,110,239 2.13 970,235 2.02 0.0579
2026-02-13 2025-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 53,251,105 1,110,239 970,235 0.0579
2026-05-27 2025-09-30 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 52,140,866 718,729 1.40 951,049 3.90 0.0576
2025-11-14 2025-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 52,140,866 718,729 951,049 0.0576
2025-08-15 2025-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 51,422,137 -866,896 -1.66 915,314 -0.48 0.0596
2025-05-15 2025-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 52,289,033 1,655,282 3.27 919,764 2.63 0.0658
2025-05-15 2024-12-31 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 50,633,751 1,869,067 3.83 896,217 1.54 0.0628
2025-02-14 2024-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 50,633,751 1,869,067 896,217 0.0628
2025-05-14 2024-09-30 13F/A-2 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 48,764,684 1,623,129 3.44 882,641 7.85 0.0640
2025-02-14 2024-09-30 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 48,764,684 1,623,129 882,641 0.0640
2024-11-14 2024-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 48,764,684 1,623,129 882,641 0.0076
2025-05-14 2024-06-30 13F/A-2 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 47,141,555 -321,604 -0.68 818,377 -0.45 0.0633
2024-10-17 2024-06-30 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 47,141,555 -321,604 818,377 0.0633
2024-08-14 2024-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 47,141,555 -321,604 818,377 0.0633
2024-10-17 2024-03-31 13F/A-2 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 47,463,159 333,404 0.71 822,062 3.46 0.0660
2024-08-16 2024-03-31 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 47,463,159 333,404 822,062 0.0077
2024-05-15 2024-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 47,463,159 333,404 822,062 0.0660
2024-08-16 2023-12-31 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 47,129,755 -4,298,853 -8.36 794,608 -3.25 0.0700
2024-02-13 2023-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 47,129,755 -4,298,853 794,608 0.0700
2023-11-15 2023-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 51,428,608 69,948 0.14 821,315 0.14 0.0835
2023-08-14 2023-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 51,358,660 -939,852 -1.80 820,198 -1.74 0.0808
2023-05-15 2023-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 52,298,512 1,461,684 2.88 834,684 -2.27 0.0895
2023-02-14 2022-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 50,836,828 -5,131,597 -9.17 854,059 -8.62 0.0970
2022-11-14 2022-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 55,968,425 -973,365 -1.71 934,672 -4.73 0.1274
2022-10-27 2022-06-30 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 56,941,790 -3,455,719 -5.72 981,108 -14.59 0.1273
2022-08-15 2022-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 56,941,790 -3,455,719 981,108 0.0257
2022-10-27 2022-03-31 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 60,397,509 1,484,621 2.52 1,148,760 -4.04 0.1549
2022-05-13 2022-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 60,397,509 1,484,621 1,148,760 0.1549
2022-02-14 2021-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 58,912,888 3,537,120 6.39 1,197,110 5.25 0.1478
2021-11-15 2021-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 55,375,768 3,581,960 6.92 1,137,418 6.60 0.1532
2021-08-23 2021-06-30 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 51,793,808 3,031,708 6.22 1,066,953 8.59 0.1407
2021-08-16 2021-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 51,793,808 3,031,708 1,066,953 0.0293
2021-05-17 2021-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 48,762,100 2,969,873 6.49 982,556 6.27 0.1443
2021-02-16 2020-12-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 45,792,227 1,684,349 3.82 924,545 9.34 0.1428
2020-11-13 2020-09-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 44,107,878 806,581 1.86 845,548 6.01 0.1635
2020-08-14 2020-06-30 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 43,301,297 473,218 1.10 797,610 13.56 0.1765
2020-05-26 2020-03-31 13F/A-1 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 42,828,079 11,535,036 36.86 702,380 11.83 0.1909
2020-05-15 2020-03-31 13F FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 42,828,079 11,535,036 702,380 53,957.4261
2020-02-14 2019-12-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 31,293,043 4,211,223 15.55 628,051 17.54 0.1461
2019-11-14 2019-09-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 27,081,820 3,735,713 16.00 534,325 18.04 0.1414
2019-08-14 2019-06-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 23,346,107 2,059,611 9.68 452,681 11.57 0.1205
2019-05-15 2019-03-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 21,286,496 841,642 4.12 405,720 10.55 0.1148
2019-02-14 2018-12-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 20,444,854 -5,410,572 -20.93 366,985 -25.69 0.1098
2019-04-23 2018-09-30 13F/A-2 FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 25,855,426 8,077 0.03 493,840 0.24 0.1236
2018-11-20 2018-09-30 13F/A-1 FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 25,855,426 0 493,840 0.1236
2018-11-14 2018-09-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 25,855,426 8,077 493,840
2019-04-23 2018-06-30 13F/A-1 FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 25,847,349 -1,011,968 -3.77 492,651 -5.75 0.1331
2018-08-14 2018-06-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 25,847,349 -1,011,968 492,651
2019-04-23 2018-03-31 13F/A-1 FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 26,859,317 1,968,518 7.91 522,682 4.94 0.1451
2018-05-14 2018-03-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 26,859,317 1,968,518 522,682
2019-04-23 2017-12-31 13F/A-1 FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 24,890,799 3,382,458 15.73 498,064 15.32 0.1363
2018-02-14 2017-12-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 24,890,799 3,382,458 498,064
2017-11-14 2017-09-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 21,508,341 2,856,862 15.32 431,887 15.72 0.1294
2017-08-11 2017-06-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 18,651,479 1,852,192 11.03 373,217 13.81 0.1128
2017-05-22 2017-03-31 13F/A-1 FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 16,799,287 2,796,260 19.97 327,921 23.32 0.1008
2017-05-12 2017-03-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 16,799,287 327,921
2017-02-22 2016-12-31 13F/A-1 FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 14,003,027 2,115,539 17.80 265,917 14.42 0.0870
2017-02-13 2016-12-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 14,003,027 265,917
2016-11-10 2016-09-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 11,887,488 2,105,140 21.52 232,401 24.91 0.0794
2016-08-12 2016-06-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 9,782,348 1,320,593 15.61 186,060 17.77 0.0672
2016-05-12 2016-03-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 8,461,755 2,221,793 35.61 157,981 33.60 0.0608
2016-02-09 2015-12-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 6,239,962 2,565,533 69.82 118,248 71.63 0.0428
2016-02-08 2015-09-30 13F/A-1 FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 3,674,429 1,569,632 74.57 68,896 72.73 0.0255
2015-11-09 2015-09-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 3,674,429 68,896
2015-08-12 2015-06-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 2,104,797 316,990 17.73 39,886 16.20 0.0138
2015-05-14 2015-03-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 1,787,807 523,240 41.38 34,326 43.92 0.0126
2015-02-13 2014-12-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 1,264,567 60,089 4.99 23,850 4.99 0.0087
2014-12-16 2014-09-30 13F/A-1 FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 1,204,478 543,499 82.23 22,717 83.01 0.0087
2014-11-14 2014-09-30 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 1,204,478 22,717
2014-05-13 2014-03-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 660,979 61,639 10.28 12,413 15.50 0.0052
2014-02-13 2013-12-31 13F FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF 33739E108 599,340 -259,379 -30.21 10,747 -30.62 0.0046
2013-11-13 2013-09-30 13F FST TR PF SEC&IN COM 33739E108 858,719 -380,918 -30.73 15,491 -36.15 0.0073
2013-08-08 2013-06-30 13F FST TR PF SEC&IN COM 33739E108 1,239,637 1,239,637 24,260 0.0122
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.