Franklin Managed Municipal Income Trust
PMM
65 hedge funds and large institutions have $41.5M invested in Franklin Managed Municipal Income Trust in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 8 closing their positions.
3% more capital invested
Capital invested by funds: $40.4M → $41.5M (+$1.02M)
0.41% more ownership
Funds ownership: 10.28% → 10.69% (+0.41%)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
5% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 19
2% less funds holding
Funds holding: 66 → 65 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$891K |
| 2 |
LCM
Laurion Capital Management
New York
|
+$837K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$659K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$479K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$477K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$977K |
| 2 |
Morgan Stanley
New York
|
-$771K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$554K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$428K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$220K |
PMM Hedge Fund Activity: Q1 2017 in Review
65 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2017, worth a combined $41.5M — up 2.5% from $40.4M a quarter earlier.
Fund positioning in PMM was balanced in Q1 2017: 8 funds opened new positions, 8 closed out, 18 added to existing stakes and 19 trimmed.
The largest buyer was Invesco, adding an estimated $891K. The largest seller was Advisors Asset Management, cutting an estimated $977K.
- 65 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2017, down from 66 in Q4 2016.
- Funds reported $41.5M of Franklin Managed Municipal Income Trust stock for Q1 2017, up 2.5% quarter-over-quarter.
- 8 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2017 and 8 closed out, a net change of 0 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2017 was Invesco, an estimated $891K added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2017 was Advisors Asset Management, an estimated $977K sold.
Based on aggregated 13F filings for Q1 2017.