Franklin Managed Municipal Income Trust
PMM
69 hedge funds and large institutions have $34.4M invested in Franklin Managed Municipal Income Trust in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
8% more funds holding
Funds holding: 64 → 69 (+5)
4% more capital invested
Capital invested by funds: $33.2M → $34.4M (+$1.17M)
0.07% less ownership
Funds ownership: 9.19% → 9.12% (-0.07%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$676K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$323K |
| 3 |
PFT
Providence First Trust
Scottsdale,
Arizona
|
+$318K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$251K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$171K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$994K |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$974K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$220K |
| 4 |
Cohen & Steers
New York
|
-$132K |
| 5 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
-$106K |
PMM Hedge Fund Activity: Q3 2020 in Review
69 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2020, worth a combined $34.4M — up 3.5% from $33.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PMM positions and 2 closed out — a net gain of 5 holders — while 21 added to existing stakes and 18 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $676K. The largest seller was Invesco, cutting an estimated $994K.
- 69 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2020, up from 64 in Q2 2020.
- Funds reported $34.4M of Franklin Managed Municipal Income Trust stock for Q3 2020, up 3.5% quarter-over-quarter.
- 7 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2020 and 2 closed out, a net change of +5 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2020 was Advisors Asset Management, an estimated $676K added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2020 was Invesco, an estimated $994K sold.
Based on aggregated 13F filings for Q3 2020.