First Trust Exchange-Traded Fund - First Trust Value Line Dividend Index Fund
US ˙ ARCA ˙ US33734H1068

SecurityFVD / First Trust Exchange-Traded Fund - First Trust Value Line Dividend Index Fund
InstitutionMorgan Stanley
Latest Disclosed Ownership18,147,711 shares
Latest Disclosed Value $ 853,486,890
Morgan Stanley reports 5.02% decrease in ownership of FVD / First Trust Exchange-Traded Fund - First Trust Value Line Dividend Index Fund

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 18,147,711 shares of First Trust Exchange-Traded Fund - First Trust Value Line Dividend Index Fund (US:FVD) valued at $853,486,848 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 19,106,927 shares of First Trust Exchange-Traded Fund - First Trust Value Line Dividend Index Fund. This represents a change in shares of -5.02% during the quarter. The current value of the position is $850,038,783 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 EXCHANGE-TRADED FD SHS 33734H106 18,147,711 -959,216 -5.02 853,487 -3.06 0.0514
2026-05-27 2025-12-31 13F/A-1 FIRST TR EXCHANGE-TRADED FD SHS 33734H106 19,106,927 -328,124 -1.69 880,447 -2.03 0.0526
2026-02-13 2025-12-31 13F FIRST TR EXCHANGE-TRADED FD SHS 33734H106 19,106,927 -328,124 880,447 0.0526
2026-05-27 2025-09-30 13F/A-1 FIRST TR EXCHANGE-TRADED FD SHS 33734H106 19,435,051 -464,738 -2.34 898,677 1.03 0.0544
2025-11-14 2025-09-30 13F FIRST TR EXCHANGE-TRADED FD SHS 33734H106 19,435,051 -464,738 898,677 0.0544
2025-08-15 2025-06-30 13F FIRST TR EXCHANGE-TRADED FD SHS 33734H106 19,899,789 -76,083 -0.38 889,521 -0.14 0.0579
2025-05-15 2025-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 19,975,872 -1,059,823 -5.04 890,724 -2.97 0.0637
2025-05-15 2024-12-31 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 21,035,695 -356,046 -1.66 917,998 -5.66 0.0643
2025-02-14 2024-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 21,035,695 -356,046 917,998 0.0643
2025-05-14 2024-09-30 13F/A-2 FIRST TR VALUE LINE DIVID IN SHS 33734H106 21,391,741 -1,047,787 -4.67 973,110 6.42 0.0706
2025-02-14 2024-09-30 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 21,391,741 -1,047,787 973,110 0.0706
2024-11-14 2024-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 21,391,741 -1,047,787 973,110 0.0084
2025-05-14 2024-06-30 13F/A-2 FIRST TR VALUE LINE DIVID IN SHS 33734H106 22,439,528 -1,743,614 -7.21 914,411 -10.46 0.0708
2024-10-17 2024-06-30 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 22,439,528 -1,743,614 914,411 0.0707
2024-08-14 2024-06-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 22,439,528 -1,743,614 914,411 0.0708
2024-10-17 2024-03-31 13F/A-2 FIRST TR VALUE LINE DIVID IN SHS 33734H106 24,183,142 -2,980,132 -10.97 1,021,254 -7.31 0.0819
2024-08-16 2024-03-31 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 24,183,142 -2,980,132 1,021,254 0.0820
2024-05-15 2024-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 24,183,142 -2,980,132 1,021,254 0.0820
2024-08-16 2023-12-31 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 27,163,274 -2,522,183 -8.50 1,101,742 -0.74 0.0971
2024-02-13 2023-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 27,163,274 -2,522,183 1,101,742 0.0971
2023-11-15 2023-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 29,685,457 -2,285,058 -7.15 1,109,939 -13.40 0.1129
2023-08-14 2023-06-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 31,970,515 -846,905 -2.58 1,281,698 -2.75 0.1263
2023-05-15 2023-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 32,817,420 -1,323,426 -3.88 1,317,948 -3.27 0.1413
2023-02-14 2022-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 34,140,846 -93,130 -0.27 1,362,561 11.21 0.1548
2022-11-14 2022-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 34,233,976 779,055 2.33 1,225,235 -5.63 0.1670
2022-10-27 2022-06-30 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,454,921 -304,377 -0.90 1,298,386 -9.08 0.1685
2022-08-15 2022-06-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,454,921 -304,377 1,298,386 0.0340
2022-10-27 2022-03-31 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,759,298 -561,980 -1.64 1,428,018 -3.33 0.1926
2022-05-13 2022-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,759,298 -561,980 1,428,018 0.1926
2022-02-14 2021-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 34,321,278 398,976 1.18 1,477,188 11.09 0.1824
2021-11-15 2021-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,922,302 -293,760 -0.86 1,329,754 -2.28 0.1791
2021-08-23 2021-06-30 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 34,216,062 466,006 1.38 1,360,773 6.16 0.1795
2021-08-16 2021-06-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 34,216,062 466,006 1,360,773 0.0373
2021-05-17 2021-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,750,056 292,329 0.87 1,281,827 9.24 0.1883
2021-02-16 2020-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,457,727 135,249 0.41 1,173,363 11.93 0.1812
2020-11-13 2020-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,322,478 -424,488 -1.26 1,048,326 2.45 0.2028
2020-08-14 2020-06-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,746,966 -246,161 -0.72 1,023,208 8.74 0.2265
2020-05-26 2020-03-31 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,993,127 7,502,521 28.32 940,930 -1.42 0.2557
2020-05-15 2020-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 33,993,127 7,502,521 940,930 72,283.0391
2020-02-14 2019-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 26,490,606 4,134,087 18.49 954,457 22.43 0.2220
2019-11-14 2019-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 22,356,519 4,112,198 22.54 779,571 26.64 0.2064
2019-08-14 2019-06-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 18,244,321 2,448,623 15.50 615,563 20.02 0.1638
2019-05-15 2019-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 15,795,698 837,099 5.60 512,886 17.91 0.1452
2019-02-14 2018-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 14,958,599 2,208,689 17.32 434,996 7.83 0.1302
2019-04-23 2018-09-30 13F/A-2 FIRST TR VALUE LINE DIVID IN SHS 33734H106 12,749,910 1,457,728 12.91 403,407 17.98 0.1010
2018-11-20 2018-09-30 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 12,749,910 0 403,407 0.1010
2018-11-14 2018-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 12,749,910 1,457,728 403,407
2019-04-23 2018-06-30 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 11,292,182 392,341 3.60 341,928 4.95 0.0924
2018-08-14 2018-06-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 11,292,182 392,341 341,928
2019-04-23 2018-03-31 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 10,899,841 -809,190 -6.91 325,796 -9.84 0.0904
2018-05-14 2018-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 10,899,841 -809,190 325,796
2019-04-23 2017-12-31 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 11,709,031 798,442 7.32 361,341 11.32 0.0989
2018-02-14 2017-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 11,709,031 798,442 361,341
2017-11-14 2017-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 10,910,589 -2,866 -0.03 324,590 1.68 0.0972
2017-08-11 2017-06-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 10,913,455 741,726 7.29 319,219 8.18 0.0964
2017-05-22 2017-03-31 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 10,171,729 815,706 8.72 295,083 12.52 0.0907
2017-05-12 2017-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 10,171,729 295,083
2017-02-22 2016-12-31 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 9,356,023 367,732 4.09 262,250 8.06 0.0858
2017-02-13 2016-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 9,356,023 262,250
2016-11-10 2016-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 8,988,291 1,268,636 16.43 242,683 16.61 0.0829
2016-08-12 2016-06-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 7,719,655 1,247,628 19.28 208,122 24.98 0.0752
2016-05-12 2016-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 6,472,027 2,768,370 74.75 166,525 88.29 0.0641
2016-02-09 2015-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 3,703,657 583,653 18.71 88,443 24.39 0.0320
2016-02-08 2015-09-30 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 3,120,004 -309,087 -9.01 71,104 -11.31 0.0263
2015-11-09 2015-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 3,120,004 71,104
2015-08-12 2015-06-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 3,429,091 286,280 9.11 80,173 5.89 0.0278
2015-05-14 2015-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 3,142,811 -64,437 -2.01 75,711 -2.28 0.0279
2015-02-13 2014-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 3,207,248 675,793 26.70 77,481 36.28 0.0283
2014-12-16 2014-09-30 13F/A-1 FIRST TR VALUE LINE DIVID IN SHS 33734H106 2,531,455 297,007 13.29 56,856 16.24 0.0219
2014-11-14 2014-09-30 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 2,531,455 56,856
2014-05-13 2014-03-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 2,234,448 146,559 7.02 48,911 9.47 0.0205
2014-02-13 2013-12-31 13F FIRST TR VALUE LINE DIVID IN SHS 33734H106 2,087,889 -64,457 -2.99 44,681 3.49 0.0190
2013-11-13 2013-09-30 13F FIRST TR VALUE LINE DIVID F COM 33734H106 2,152,346 127,074 6.27 43,176 9.49 0.0204
2013-08-08 2013-06-30 13F FIRST TR VALUE LINE DIVID F COM 33734H106 2,025,272 2,025,272 39,432 0.0199
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.