We are live on ! Find out more
PMM

Franklin Managed Municipal Income Trust
PMM

63 hedge funds and large institutions have $45.9M invested in Franklin Managed Municipal Income Trust in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 27 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

93% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 14

4% more capital invested

Capital invested by funds: $44M → $45.9M (+$1.88M)

0.37% more ownership

Funds ownership: 10.9% → 11.26% (+0.37%)

5% less funds holding

Funds holding: 66 → 63 (-3)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
63
Holders Change
-3
Holders Change %
-4.55%
% of All Funds
1.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
27
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$1.06M
2
RCM
Robinson Capital Management
Michigan
+$532K
3
GC
Guggenheim Capital
Illinois
+$501K
4
RJA
Raymond James & Associates
Florida
+$481K
5
CRC
Curi RMB Capital
Illinois
+$306K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.31M
2
PPA
Parametric Portfolio Associates
Washington
-$631K
3
WS
Wedbush Securities
California
-$321K
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$129K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$102K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAM
26
Peak Asset Management
Colorado
$382K – – –
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$382K +$24K +3,163 +7%
CAN
28
Cetera Advisor Networks
California
$316K – – –
HighTower Advisors
29
HighTower Advisors
Illinois
$281K -$63.7K -8,394 -19%
NDSI
30
Newman Dignan & Sheerar Inc
Rhode Island
$275K +$3.63K +479 +1%
AG
31
Advisor Group
Arizona
$238K -$11.4K -1,500 -5%
ICOA
32
Investment Centers of America
North Dakota
$192K – – –
DA
33
Doliver Advisors
Texas
$188K +$102K +13,400 +116%
TFCP
34
Twin Focus Capital Partners
Massachusetts
$181K – – –
TJHA
35
Thomas J. Herzfeld Advisors
Florida
$175K -$129K -16,969 -42%
Creative Planning
36
Creative Planning
Kansas
$172K +$1.55K +204 +0.9%
FAAS
37
First Allied Advisory Services
California
$161K -$87.2K -11,500 -35%
SWP
38
Stratos Wealth Partners
Ohio
$151K -$4.29K -566 -3%
GHAM
39
Gilman Hill Asset Management
Connecticut
$151K – – –
LPL Financial
40
LPL Financial
California
$146K +$523 +69 +0.4%
SFS
41
Sowell Financial Services
Arkansas
$145K – – –
SBH
42
Segall Bryant & Hamill
Illinois
$144K – – –
BRWA
43
B. Riley Wealth Advisors
Florida
$143K +$1.41K +186 +1%
PFT
44
Providence First Trust
Arizona
$140K +$30.3K +4,000 +28%
IA
45
IFP Advisors
Florida
$124K – – –
KF
46
Krilogy Financial
Missouri
$115K – – –
MIM
47
Macroview Investment Management
Maryland
$112K -$48K -6,330 -30%
RJT
48
Raymond James Trust
Florida
$109K – – –
AWM
49
AE Wealth Management
Kansas
$91K -$455 -60 -0.5%
CAG
50
Csenge Advisory Group
Florida
$85.9K +$86.1K +11,356 New
1
2
3

PMM Hedge Fund Activity: Q3 2017 in Review

63 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2017, worth a combined $45.9M — up 4.3% from $44M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of PMM and 2 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 27 added.

The largest buyer was Invesco, adding an estimated $1.06M. The largest seller was Advisors Asset Management, cutting an estimated $1.31M.

  • 63 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2017, down from 66 in Q2 2017.
  • Funds reported $45.9M of Franklin Managed Municipal Income Trust stock for Q3 2017, up 4.3% quarter-over-quarter.
  • 2 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2017 and 4 closed out, a net change of -2 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2017 was Invesco, an estimated $1.06M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2017 was Advisors Asset Management, an estimated $1.31M sold.

Based on aggregated 13F filings for Q3 2017.