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PMM

Franklin Managed Municipal Income Trust
PMM

72 hedge funds and large institutions have $45.6M invested in Franklin Managed Municipal Income Trust in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 13 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 13

0.7% less ownership

Funds ownership: 12.89% → 12.19% (-0.7%)

1% less capital invested

Capital invested by funds: $46.3M → $45.6M (-$634K)

10% less funds holding

Funds holding: 80 → 72 (-8)

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
72
Holders Change
-8
Holders Change %
-10%
% of All Funds
1.56%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
23
Reduced
13
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WS
Wedbush Securities
California
+$425K
2
UBS Group
UBS Group
Switzerland
+$396K
3
UCFA
United Capital Financial Advisors
Texas
+$395K
4
RJA
Raymond James & Associates
Florida
+$375K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$301K

Top Sellers

Rank Fund Capital Flow
1
JPLA
Joseph P. Lucia & Associates
New York
-$985K
2
WAM
Wakefield Asset Management
Colorado
-$853K
3
RCM
Robinson Capital Management
Michigan
-$801K
4
Cohen & Steers
Cohen & Steers
New York
-$563K
5
GI
Glovista Investments
New Jersey
-$449K
Name Holding Trade Value Shares
Change 		Change in
Stake
GI
26
Glovista Investments
New Jersey
$337K -$449K -59,581 -57%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$336K +$1.22K +162 +0.4%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$334K +$7.42K +984 +2%
QCIG
29
Quad-Cities Investment Group
Iowa
$305K +$37.7K +4,997 +14%
CAN
30
Cetera Advisor Networks
California
$260K +$86K +11,400 +50%
MWPCG
31
Measured Wealth Private Client Group
New Hampshire
$219K +$217K +28,750 New
AA
32
Ancora Advisors
Ohio
$195K – – –
Creative Planning
33
Creative Planning
Kansas
$186K +$2.33K +309 +1%
Stifel Financial
34
Stifel Financial
Missouri
$163K -$2.13K -283 -1%
JWM
35
Jupiter Wealth Management
Colorado
$162K – – –
GHAM
36
Gilman Hill Asset Management
Connecticut
$153K – – –
SWP
37
Stratos Wealth Partners
Ohio
$153K – – –
JPLA
38
Joseph P. Lucia & Associates
New York
$146K -$985K -130,639 -87%
Citigroup
39
Citigroup
New York
$136K +$87.7K +11,630 +189%
HR
40
Hayden Royal
North Carolina
$127K +$123K +16,358 New
SBH
41
Segall Bryant & Hamill
Illinois
$118K – – –
RJT
42
Raymond James Trust
Florida
$110K – – –
CA
43
Calton & Associates
Florida
$104K – – –
AWM
44
AE Wealth Management
Kansas
$93K +$996 +132 +1%
WAP
45
Wealthcare Advisory Partners
Pennsylvania
$92K – – –
SW
46
SVB Wealth
Massachusetts
$88K +$86.7K +11,500 New
BCI
47
Brinker Capital Investments
Pennsylvania
$86K +$85.2K +11,297 New
Carson Wealth (CWM LLC)
48
Carson Wealth (CWM LLC)
Nebraska
$85K – – –
PAG
49
Private Advisor Group
New Jersey
$82K – – –
WEC
50
Winslow Evans & Crocker
Massachusetts
$80K – – –
1
2
3 4

PMM Hedge Fund Activity: Q2 2019 in Review

72 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2019, worth a combined $45.6M — down 1.4% from $46.3M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PMM and 6 opened new positions — a net loss of 8 holders — while 13 trimmed existing stakes and 23 added.

The largest buyer was Wedbush Securities, adding an estimated $425K. The largest seller was Joseph P. Lucia & Associates, cutting an estimated $985K.

  • 72 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2019, down from 80 in Q1 2019.
  • Funds reported $45.6M of Franklin Managed Municipal Income Trust stock for Q2 2019, down 1.4% quarter-over-quarter.
  • 6 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2019 and 14 closed out, a net change of -8 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2019 was Wedbush Securities, an estimated $425K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2019 was Joseph P. Lucia & Associates, an estimated $985K sold.

Based on aggregated 13F filings for Q2 2019.