Independent Advisor Alliance’s First Trust Managed Municipal ETF FMB Stock Holding History

Independent Advisor Alliance’s Portfolio FMB Stock Details FMB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	–	Sell	-234,268	Closed	-$11.9M	–	1239
2026 Q1	$11.9M	Buy	+234,268	New	+$12M	0.13%	148
2025 Q1	–	Sell	-290,714	Closed	-$14.8M	–	982
2024 Q4	$14.8M	Buy	+290,714	New	+$15M	0.2%	111
2020 Q1	–	Sell	-115,081	Closed	-$6.39M	–	544
2019 Q4	$6.39M	Buy	+115,081	New	+$6.38M	0.28%	86

Other funds holding FMB

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

Osaic Holdings Scottsdale, Arizona $85.1B AUM 27.35% 1-Year Est. Return

APP

Avantax Planning Partners Dubuque, Iowa $4.02B AUM 20% 1-Year Est. Return

OIA

OneDigital Investment Advisors Overland Park, Kansas $11.8B AUM 21.23% 1-Year Est. Return

Janney Montgomery Scott Philadelphia, Pennsylvania $51.6B AUM 27.34% 1-Year Est. Return

Independent Advisor Alliance's FMB Position: Q2 2026 in Review

Independent Advisor Alliance sold out of First Trust Managed Municipal ETF (FMB) in Q2 2026, closing a stake of 234,268 shares — an estimated $11.9M sold.

Independent Advisor Alliance first reported a position in FMB in Q4 2019 and held it in 3 quarters. The position peaked at $14.8M in Q4 2024. 307 funds tracked by Wall St. Rank hold FMB as of Q2 2026.

Independent Advisor Alliance reported no remaining First Trust Managed Municipal ETF position as of Q2 2026 after selling out during the quarter.
Independent Advisor Alliance sold 234,268 First Trust Managed Municipal ETF shares in Q2 2026, an estimated $11.9M.
Independent Advisor Alliance first reported a position in First Trust Managed Municipal ETF in Q4 2019 and held it in 3 quarters.
Independent Advisor Alliance's First Trust Managed Municipal ETF position peaked at $14.8M in Q4 2024.
307 funds tracked by Wall St. Rank held First Trust Managed Municipal ETF as of Q2 2026.

Based on Independent Advisor Alliance's 13F filing for Q2 2026, filed 12 Aug 2026.