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PMM

Franklin Managed Municipal Income Trust
PMM

75 hedge funds and large institutions have $38.1M invested in Franklin Managed Municipal Income Trust in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 15

0% more capital invested

Capital invested by funds: $37.9M → $38.1M (+$163K)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

0.06% less ownership

Funds ownership: 9.55% → 9.49% (-0.06%)

1% less funds holding

Funds holding: 76 → 75 (-1)

Holders
75
Holders Change
-1
Holders Change %
-1.32%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
24
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$485K
2
Bank of America
Bank of America
North Carolina
+$420K
3
RJA
Raymond James & Associates
Florida
+$324K
4
IAIM
International Assets Investment Management
Florida
+$183K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$170K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$875K
2
KAS
Kestra Advisory Services
Texas
-$869K
3
UBS Group
UBS Group
Switzerland
-$258K
4
SWP
Stratos Wealth Partners
Ohio
-$249K
5
Stifel Financial
Stifel Financial
Missouri
-$146K
Name Holding Trade Value Shares
Change 		Change in
Stake
IAIM
26
International Assets Investment Management
Florida
$380K +$183K +22,580 +93%
Invesco
27
Invesco
Georgia
$347K -$875K -107,872 -72%
QCIG
28
Quad-Cities Investment Group
Iowa
$336K +$12.3K +1,514 +4%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$298K +$24.7K +3,040 +9%
IFG
30
Independent Financial Group
California
$217K -$1.8K -222 -0.8%
AA
31
Ancora Advisors
Ohio
$209K – – –
RIG
32
Ramiah Investment Group
Wisconsin
$205K +$12.6K +1,549 +7%
HR
33
Hayden Royal
North Carolina
$192K – – –
SBH
34
Segall Bryant & Hamill
Illinois
$175K – – –
LC
35
LCNB Corp
Ohio
$168K – – –
Northwestern Mutual Wealth Management
36
Northwestern Mutual Wealth Management
Wisconsin
$142K +$45.8K +5,648 +48%
VCWA
37
Vanguard Capital Wealth Advisors
Colorado
$142K +$139K +17,120 New
SPIA
38
Steward Partners Investment Advisory
New York
$142K +$195 +24 +0.1%
FAIM
39
Financial Advocates Investment Management
Washington
$126K – – –
IWM
40
IHT Wealth Management
Illinois
$125K +$32.8K +4,046 +36%
Truist Financial
41
Truist Financial
North Carolina
$125K +$124K +15,336 New
AWM
42
AE Wealth Management
Kansas
$124K +$14.6K +1,800 +13%
JWM
43
Jupiter Wealth Management
Colorado
$123K – – –
WAP
44
Wealthcare Advisory Partners
Pennsylvania
$122K +$23.7K +2,925 +24%
HWM
45
Hohimer Wealth Management
Washington
$117K – – –
CA
46
Calton & Associates
Florida
$112K – – –
Cohen & Steers
47
Cohen & Steers
New York
$110K -$17.8K -2,194 -14%
DAS
48
Dynamic Advisor Solutions
Arizona
$103K +$103K +12,636 New
KAS
49
Kestra Advisory Services
Texas
$102K -$869K -107,114 -90%
SFS
50
Sowell Financial Services
Arkansas
$95K – – –
1
2
3 4

PMM Hedge Fund Activity: Q1 2021 in Review

75 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2021, worth a combined $38.1M — up 0.43% from $37.9M a quarter earlier.

Fund positioning in PMM was balanced in Q1 2021: 6 funds opened new positions, 6 closed out, 24 added to existing stakes and 15 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $485K. The largest seller was Invesco, cutting an estimated $875K.

  • 75 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2021, down from 76 in Q4 2020.
  • Funds reported $38.1M of Franklin Managed Municipal Income Trust stock for Q1 2021, up 0.43% quarter-over-quarter.
  • 6 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2021 and 6 closed out, a net change of 0 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2021 was Morgan Stanley, an estimated $485K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2021 was Invesco, an estimated $875K sold.

Based on aggregated 13F filings for Q1 2021.