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First Trust Managed Municipal ETF
FMB

Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$22.4M +$13.4M +260,679 +153%
Bank of America
2
Bank of America
North Carolina
$12.2M +$2.23M +43,286 +23%
RJA
3
Raymond James & Associates
Florida
$8.89M +$3.88M +75,359 +78%
LPL Financial
4
LPL Financial
California
$3.81M -$1.49M -29,008 -28%
Goldman Sachs
5
Goldman Sachs
New York
$2.26M -$46.3K -900 -2%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$1.61M +$820K +15,925 +104%
CCA
7
Clearwater Capital Advisors
Illinois
$1.03M +$469K +9,118 +84%
FA
8
FMA Advisory
Pennsylvania
$974K +$969K +18,811 New
RJFSA
9
Raymond James Financial Services Advisors
Florida
$728K +$90.2K +1,752 +14%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$665K +$772 +15 +0.1%
UR
11
USCA RIA
Texas
$637K +$293K +5,700 +86%
FHC
12
First Heartland Consultants
Missouri
$605K +$78.2K +1,518 +15%
Citadel Advisors
13
Citadel Advisors
Florida
$462K +$459K +8,921 New
BWM
14
BerganKDV Wealth Management
Minnesota
$448K +$36.6K +710 +9%
Wells Fargo
15
Wells Fargo
California
$440K -$9.32K -181 -2%
RIA
16
Regal Investment Advisors
Michigan
$405K +$19.6K +380 +5%
CIAS
17
Capital Investment Advisory Services
North Carolina
$395K – – –
CAPTRUST Financial Advisors
18
CAPTRUST Financial Advisors
North Carolina
$359K +$357K +6,931 New
LI
19
LVZ Inc
Michigan
$348K -$152K -2,953 -31%
IH
20
IFC Holdings
Florida
$342K +$8.75K +170 +3%
HighTower Advisors
21
HighTower Advisors
Illinois
$297K +$34.8K +675 +13%
HFS
22
HL Financial Services
Kentucky
$284K +$39.6K +769 +16%
CA
23
Cetera Advisors
Colorado
$244K +$20.6K +400 +9%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$230K +$229K +4,440 New
FAAS
25
First Allied Advisory Services
California
$208K +$207K +4,013 New
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