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PMM

Franklin Managed Municipal Income Trust
PMM

71 hedge funds and large institutions have $40.5M invested in Franklin Managed Municipal Income Trust in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

156% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 9

8% more capital invested

Capital invested by funds: $37.5M → $40.5M (+$2.97M)

0.6% less ownership

Funds ownership: 10.9% → 10.3% (-0.6%)

3% less funds holding

Funds holding: 73 → 71 (-2)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
71
Holders Change
-2
Holders Change %
-2.74%
% of All Funds
1.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
23
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$951K
2
IAA
Independent Advisor Alliance
North Carolina
+$374K
3
RJA
Raymond James & Associates
Florida
+$372K
4
Morgan Stanley
Morgan Stanley
New York
+$311K
5
JPLA
Joseph P. Lucia & Associates
New York
+$213K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$1.84M
2
Cohen & Steers
Cohen & Steers
New York
-$1.58M
3
COLIM
City of London Investment Management
United Kingdom
-$761K
4
GC
Guggenheim Capital
Illinois
-$354K
5
MWPCG
Measured Wealth Private Client Group
New Hampshire
-$225K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$365K +$15.6K +1,964 +4%
AWM
27
Altium Wealth Management
New York
$345K – – –
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$336K +$501 +63 +0.1%
QCIG
29
Quad-Cities Investment Group
Iowa
$328K +$3.62K +455 +1%
GI
30
Glovista Investments
New Jersey
$304K +$67.2K +8,452 +29%
CAN
31
Cetera Advisor Networks
California
$274K – – –
PFT
32
Providence First Trust
Arizona
$263K – – –
JWM
33
Jupiter Wealth Management
Colorado
$228K +$60.6K +7,620 +37%
MWM
34
Merriman Wealth Management
Washington
$208K – – –
SWP
35
Stratos Wealth Partners
Ohio
$208K – – –
AA
36
Ancora Advisors
Ohio
$204K – – –
Creative Planning
37
Creative Planning
Kansas
$198K +$1.64K +206 +0.8%
Stifel Financial
38
Stifel Financial
Missouri
$170K – – –
GHAM
39
Gilman Hill Asset Management
Connecticut
$160K – – –
HR
40
Hayden Royal
North Carolina
$135K +$130K +16,358 New
Baird Financial Group
41
Baird Financial Group
Wisconsin
$133K +$133K +16,675 New
RJT
42
Raymond James Trust
Florida
$115K – – –
HWM
43
Hohimer Wealth Management
Washington
$115K +$114K +14,395 New
CA
44
Calton & Associates
Florida
$109K – – –
AWM
45
AE Wealth Management
Kansas
$101K +$4.36K +549 +5%
WAP
46
Wealthcare Advisory Partners
Pennsylvania
$96K – – –
Citigroup
47
Citigroup
New York
$92K – – –
SW
48
SVB Wealth
Massachusetts
$92K – – –
PAG
49
Private Advisor Group
New Jersey
$86K – – –
Carson Wealth (CWM LLC)
50
Carson Wealth (CWM LLC)
Nebraska
$85K – – –
1
2
3 4

PMM Hedge Fund Activity: Q4 2019 in Review

71 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2019, worth a combined $40.5M — up 7.9% from $37.5M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of PMM and 5 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 23 added.

The largest buyer was Ameriprise, adding an estimated $951K. The largest seller was Rivernorth Capital Management, cutting an estimated $1.84M.

  • 71 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2019, down from 73 in Q3 2019.
  • Funds reported $40.5M of Franklin Managed Municipal Income Trust stock for Q4 2019, up 7.9% quarter-over-quarter.
  • 5 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2019 and 6 closed out, a net change of -1 holder.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2019 was Ameriprise, an estimated $951K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2019 was Rivernorth Capital Management, an estimated $1.84M sold.

Based on aggregated 13F filings for Q4 2019.