FIRST TR EXCHANGE-TRADED FD

Ticker: DVOL CUSIP: 33741L108 Class: DORSY WR MOMNT

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

FLOW TRADERS U.S. LLC

Value ($000) $1 Shares 25,496

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $1,150 Shares 32,824

O'SHAUGHNESSY ASSET MANAGEMENT, LLC

Value ($000) $111 Shares 3,162

Value ($000) $1 Shares 38

Institution	Shares	Value ($000)
FLOW TRADERS U.S. LLC	25,496	$1
SUSQUEHANNA INTERNATIONAL GROUP, LLP	32,824	$1,150
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	3,162	$111
UBS Group AG	38	$1

Increased Positions (11)

Csenge Advisory Group

Value ($000) $19,867 (+3.2%) Shares 567,061 (+4.4%)

Warner Group LLC

Value ($000) $510 (+47.4%) Shares 14,550 (+49.2%)

VisionPoint Advisory Group, LLC

Value ($000) $781 (+44.2%) Shares 22,302 (+45.9%)

ROYAL BANK OF CANADA

Value ($000) $2,390 (+238900.0%) Shares 68,216 (+358931.6%)

Concurrent Investment Advisors, LLC

Value ($000) $385 (+43.7%) Shares 10,985 (+45.5%)

BANK OF AMERICA CORP /DE/

Value ($000) $239 (+63.8%) Shares 6,819 (+65.8%)

CITADEL ADVISORS LLC

Value ($000) $804 (+10.3%) Shares 22,953 (+11.7%)

Prospera Financial Services Inc

Value ($000) $928 (+1.7%) Shares 26,478 (+2.9%)

Value ($000) $24 (+828.4%) Shares 677 (+840.3%)

ENVESTNET ASSET MANAGEMENT INC

Value ($000) $219 (+9.1%) Shares 6,254 (+10.4%)

Cambridge Investment Research Advisors, Inc.

Value ($000) $1 (+8.9%) Shares 17,452 (+10.3%)

Institution	Prev Shares	Curr Shares	Change
Csenge Advisory Group	543,200	567,061	+23,861 (+4.4%)
Warner Group LLC	9,751	14,550	+4,799 (+49.2%)
VisionPoint Advisory Group, LLC	15,283	22,302	+7,019 (+45.9%)
ROYAL BANK OF CANADA	19	68,216	+68,197 (+358931.6%)
Concurrent Investment Advisors, LLC	7,551	10,985	+3,434 (+45.5%)
BANK OF AMERICA CORP /DE/	4,114	6,819	+2,705 (+65.8%)
CITADEL ADVISORS LLC	20,556	22,953	+2,397 (+11.7%)
Prospera Financial Services Inc	25,725	26,478	+753 (+2.9%)
FMR LLC	72	677	+605 (+840.3%)
ENVESTNET ASSET MANAGEMENT INC	5,663	6,254	+591 (+10.4%)
Cambridge Investment Research Advisors, Inc.	15,817	17,452	+1,635 (+10.3%)

Decreased Positions (11)

Weaver Consulting Group

Value ($000) $201 (-25.6%) Shares 5,738 (-24.7%)

Nilsine Partners, LLC

Value ($000) $1,366 (-4.8%) Shares 38,978 (-3.6%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $5,315 (-26.4%) Shares 151,714 (-25.5%)

LPL Financial LLC

Value ($000) $3,760 (-21.0%) Shares 107,316 (-20.0%)

Farther Finance Advisors, LLC

Value ($000) $2,575 (-5.2%) Shares 73,494 (-4.0%)

Value ($000) $6,839 (-5.8%) Shares 195,216 (-4.7%)

Sanctuary Advisors, LLC

Value ($000) $1,038 (-11.9%) Shares 29,634 (-10.8%)

COMMONWEALTH EQUITY SERVICES, LLC

Value ($000) $1,335 (+94853.1%) Shares 38,106 (-3.9%)

OSAIC HOLDINGS, INC.

Value ($000) $187 (-11.7%) Shares 5,347 (-11.3%)

Spire Wealth Management

Value ($000) $5 (-46.1%) Shares 150 (-45.5%)

Value ($000) $4 (-9.7%) Shares 117,460 (-8.7%)

Institution	Prev Shares	Curr Shares	Change
Weaver Consulting Group	7,619	5,738	-1,881 (-24.7%)
Nilsine Partners, LLC	40,442	38,978	-1,464 (-3.6%)
RAYMOND JAMES FINANCIAL INC	203,741	151,714	-52,027 (-25.5%)
LPL Financial LLC	134,173	107,316	-26,857 (-20.0%)
Farther Finance Advisors, LLC	76,568	73,494	-3,074 (-4.0%)
MORGAN STANLEY	204,805	195,216	-9,589 (-4.7%)
Sanctuary Advisors, LLC	33,229	29,634	-3,595 (-10.8%)
COMMONWEALTH EQUITY SERVICES, LLC	39,660	38,106	-1,554 (-3.9%)
OSAIC HOLDINGS, INC.	6,031	5,347	-684 (-11.3%)
Spire Wealth Management	275	150	-125 (-45.5%)
CWM, LLC	128,589	117,460	-11,129 (-8.7%)

Exited Positions (6)

Park Square Financial Group, LLC

Value ($000) $469 Shares 13,224

Virtus Wealth Solutions LLC

Value ($000) $7,054 Shares 198,964

Brookwood Investment Group LLC

Value ($000) $4,969 Shares 140,142

TWO SIGMA INVESTMENTS, LP

Value ($000) $1,727 Shares 48,700

Advisory Services Network, LLC

Value ($000) $39 Shares 1,105

Ameritas Advisory Services, LLC

Value ($000) $17 Shares 484

Institution	Prev Shares	Prev Value ($000)
Park Square Financial Group, LLC	13,224	$469
Virtus Wealth Solutions LLC	198,964	$7,054
Brookwood Investment Group LLC	140,142	$4,969
TWO SIGMA INVESTMENTS, LP	48,700	$1,727
Advisory Services Network, LLC	1,105	$39
Ameritas Advisory Services, LLC	484	$17