We are live on ! Find out more
PMM

Franklin Managed Municipal Income Trust
PMM

71 hedge funds and large institutions have $38.9M invested in Franklin Managed Municipal Income Trust in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 17

2% more capital invested

Capital invested by funds: $38.1M → $38.9M (+$849K)

0.47% less ownership

Funds ownership: 9.49% → 9.03% (-0.47%)

5% less funds holding

Funds holding: 75 → 71 (-4)

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7

Holders
71
Holders Change
-4
Holders Change %
-5.33%
% of All Funds
1.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
19
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$412K
2
PA
Procyon Advisors
Connecticut
+$108K
3
SBH
Segall Bryant & Hamill
Illinois
+$106K
4
RJT
Raymond James Trust
Florida
+$88.3K
5
VanEck Associates
VanEck Associates
New York
+$69.5K

Top Sellers

Rank Fund Capital Flow
1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$626K
2
Bank of America
Bank of America
North Carolina
-$534K
3
UBS Group
UBS Group
Switzerland
-$519K
4
IAIM
International Assets Investment Management
Florida
-$218K
5
PFT
Providence First Trust
Arizona
-$140K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$465K -$626K -73,922 -58%
QCIG
27
Quad-Cities Investment Group
Iowa
$365K +$3.17K +374 +0.9%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$357K +$34.8K +4,109 +11%
SBH
29
Segall Bryant & Hamill
Illinois
$299K +$106K +12,500 +58%
RIG
30
Ramiah Investment Group
Wisconsin
$224K +$3.44K +406 +2%
AA
31
Ancora Advisors
Ohio
$224K – – –
HR
32
Hayden Royal
North Carolina
$207K – – –
IFG
33
Independent Financial Group
California
$185K -$46.4K -5,476 -21%
IAIM
34
International Assets Investment Management
Florida
$184K -$218K -25,786 -55%
LC
35
LCNB Corp
Ohio
$180K – – –
JWM
36
Jupiter Wealth Management
Colorado
$171K +$42.3K +5,000 +33%
Northwestern Mutual Wealth Management
37
Northwestern Mutual Wealth Management
Wisconsin
$157K +$4.35K +514 +3%
SPIA
38
Steward Partners Investment Advisory
New York
$156K +$3.58K +423 +2%
IWM
39
IHT Wealth Management
Illinois
$147K +$12.3K +1,451 +9%
FAIM
40
Financial Advocates Investment Management
Washington
$136K – – –
HWM
41
Hohimer Wealth Management
Washington
$126K – – –
VCWA
42
Vanguard Capital Wealth Advisors
Colorado
$124K -$24.7K -2,920 -17%
CA
43
Calton & Associates
Florida
$121K – – –
AWM
44
AE Wealth Management
Kansas
$118K -$15.2K -1,800 -12%
PA
45
Procyon Advisors
Connecticut
$112K +$108K +12,803 New
DAS
46
Dynamic Advisor Solutions
Arizona
$111K – – –
KAS
47
Kestra Advisory Services
Texas
$109K – – –
WAP
48
Wealthcare Advisory Partners
Pennsylvania
$105K -$24.8K -2,925 -20%
DBT
49
Dubuque Bank & Trust
Iowa
$98K – – –
PAG
50
Private Advisor Group
New Jersey
$94K – – –
1
2
3 4

PMM Hedge Fund Activity: Q2 2021 in Review

71 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2021, worth a combined $38.9M — up 2.2% from $38.1M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PMM and 3 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 19 added.

The largest buyer was Invesco, adding an estimated $412K. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $626K.

  • 71 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2021, down from 75 in Q1 2021.
  • Funds reported $38.9M of Franklin Managed Municipal Income Trust stock for Q2 2021, up 2.2% quarter-over-quarter.
  • 3 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2021 and 7 closed out, a net change of -4 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2021 was Invesco, an estimated $412K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2021 was Cambridge Investment Research Advisors, an estimated $626K sold.

Based on aggregated 13F filings for Q2 2021.