We are live on ! Find out more
PMM

Franklin Managed Municipal Income Trust
PMM

64 hedge funds and large institutions have $33.2M invested in Franklin Managed Municipal Income Trust in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 19 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.04% less ownership

Funds ownership: 10.23% → 9.19% (-1%)

8% less capital invested

Capital invested by funds: $36.2M → $33.2M (-$3.03M)

12% less funds holding

Funds holding: 73 → 64 (-9)

26% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 19

60% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 15

Holders
64
Holders Change
-9
Holders Change %
-12.33%
% of All Funds
1.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
14
Reduced
19
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$767K
2
JPLA
Joseph P. Lucia & Associates
New York
+$287K
3
RIG
Ramiah Investment Group
Wisconsin
+$251K
4
Morgan Stanley
Morgan Stanley
New York
+$222K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$215K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$990K
2
Ameriprise
Ameriprise
Minnesota
-$936K
3
GI
Glovista Investments
New Jersey
-$522K
4
Invesco
Invesco
Georgia
-$458K
5
Osaic Holdings
Osaic Holdings
Arizona
-$401K
Name Holding Trade Value Shares
Change 		Change in
Stake
RIG
26
Ramiah Investment Group
Wisconsin
$261K +$251K +35,546 New
QCIG
27
Quad-Cities Investment Group
Iowa
$256K -$45K -6,365 -15%
PFT
28
Providence First Trust
Arizona
$237K – – –
SWP
29
Stratos Wealth Partners
Ohio
$226K +$453 +64 +0.2%
Janney Montgomery Scott
30
Janney Montgomery Scott
Pennsylvania
$222K +$215K +30,336 New
JWM
31
Jupiter Wealth Management
Colorado
$219K – – –
CAN
32
Cetera Advisor Networks
California
$215K +$332 +47 +0.2%
AAM
33
Advisors Asset Management
Colorado
$198K +$191K +27,022 New
AA
34
Ancora Advisors
Ohio
$188K – – –
HR
35
Hayden Royal
North Carolina
$173K – – –
Stifel Financial
36
Stifel Financial
Missouri
$137K -$18.6K -2,636 -12%
FAIM
37
Financial Advocates Investment Management
Washington
$113K +$109K +15,464 New
HWM
38
Hohimer Wealth Management
Washington
$106K – – –
RJT
39
Raymond James Trust
Florida
$106K – – –
AWM
40
AE Wealth Management
Kansas
$100K – – –
CA
41
Calton & Associates
Florida
$100K – – –
WAP
42
Wealthcare Advisory Partners
Pennsylvania
$88K – – –
Carson Wealth (CWM LLC)
43
Carson Wealth (CWM LLC)
Nebraska
$85K – – –
Citigroup
44
Citigroup
New York
$85K +$905 +128 +1%
SFS
45
Sowell Financial Services
Arkansas
$82K +$12.4K +1,747 +19%
PAG
46
Private Advisor Group
New Jersey
$79K – – –
SBH
47
Segall Bryant & Hamill
Illinois
$77K – – –
WEC
48
Winslow Evans & Crocker
Massachusetts
$76K – – –
TH
49
TCTC Holdings
Texas
$73K +$70.7K +10,000 New
SPIA
50
Steward Partners Investment Advisory
New York
$71K +$170 +24 +0.2%
1
2
3 4

PMM Hedge Fund Activity: Q2 2020 in Review

64 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2020, worth a combined $33.2M — down 8.4% from $36.2M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PMM and 6 opened new positions — a net loss of 9 holders — while 19 trimmed existing stakes and 14 added.

The largest buyer was UBS Group, adding an estimated $767K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $990K sold.

  • 64 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2020, down from 73 in Q1 2020.
  • Funds reported $33.2M of Franklin Managed Municipal Income Trust stock for Q2 2020, down 8.4% quarter-over-quarter.
  • 6 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2020 and 15 closed out, a net change of -9 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2020 was UBS Group, an estimated $767K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2020 was Karpus Investment Management, an estimated $990K sold.

Based on aggregated 13F filings for Q2 2020.