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PMM

Franklin Managed Municipal Income Trust
PMM

70 hedge funds and large institutions have $38.2M invested in Franklin Managed Municipal Income Trust in 2021 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 8 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 8

0.35% more ownership

Funds ownership: 9.03% → 9.38% (+0.35%)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

2% less capital invested

Capital invested by funds: $38.9M → $38.2M (-$685K)

1% less funds holding

Funds holding: 71 → 70 (-1)

Holders
70
Holders Change
-1
Holders Change %
-1.41%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
23
Reduced
8
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AA
AlphaCentric Advisors
Puerto Rico
+$301K
2
RJA
Raymond James & Associates
Florida
+$269K
3
JPLA
Joseph P. Lucia & Associates
New York
+$230K
4
IFG
Independent Financial Group
California
+$224K
5
IWM
IHT Wealth Management
Illinois
+$156K

Top Sellers

Rank Fund Capital Flow
1
RIG
Ramiah Investment Group
Wisconsin
-$224K
2
HR
Hayden Royal
North Carolina
-$207K
3
WS
Wedbush Securities
California
-$158K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$37.3K
5
Bank of America
Bank of America
North Carolina
-$35.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$415K -$28.1K -3,265 -6%
IFG
27
Independent Financial Group
California
$393K +$224K +25,985 +123%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$363K +$24.2K +2,808 +7%
QCIG
29
Quad-Cities Investment Group
Iowa
$345K -$2.16K -251 -0.6%
AA
30
AlphaCentric Advisors
Puerto Rico
$292K +$301K +35,000 New
IWM
31
IHT Wealth Management
Illinois
$291K +$156K +18,127 +108%
SBH
32
Segall Bryant & Hamill
Illinois
$284K – – –
AA
33
Ancora Advisors
Ohio
$213K – – –
IAIM
34
International Assets Investment Management
Florida
$176K +$757 +88 +0.4%
JWM
35
Jupiter Wealth Management
Colorado
$172K – – –
LC
36
LCNB Corp
Ohio
$172K – – –
SPIA
37
Steward Partners Investment Advisory
New York
$158K +$9.51K +1,105 +6%
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$146K -$3.57K -415 -2%
FAIM
39
Financial Advocates Investment Management
Washington
$136K +$7.51K +873 +6%
Truist Financial
40
Truist Financial
North Carolina
$135K +$139K +16,204 New
KAS
41
Kestra Advisory Services
Texas
$134K +$31K +3,604 +29%
HWM
42
Hohimer Wealth Management
Washington
$120K – – –
CA
43
Calton & Associates
Florida
$114K – – –
AWM
44
AE Wealth Management
Kansas
$112K – – –
PA
45
Procyon Advisors
Connecticut
$107K – – –
DAS
46
Dynamic Advisor Solutions
Arizona
$105K – – –
Envestnet Asset Management
47
Envestnet Asset Management
Illinois
$102K +$105K +12,204 New
WAP
48
Wealthcare Advisory Partners
Pennsylvania
$100K – – –
DBT
49
Dubuque Bank & Trust
Iowa
$93K – – –
PAG
50
Private Advisor Group
New Jersey
$90K – – –
1
2
3

PMM Hedge Fund Activity: Q3 2021 in Review

70 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2021, worth a combined $38.2M — down 1.8% from $38.9M a quarter earlier.

Fund positioning in PMM was balanced in Q3 2021: 5 funds opened new positions, 5 closed out, 23 added to existing stakes and 8 trimmed.

The largest buyer was AlphaCentric Advisors, opening a new position worth an estimated $301K. The largest seller was Ramiah Investment Group, exiting entirely with an estimated $224K sold.

  • 70 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2021, down from 71 in Q2 2021.
  • Funds reported $38.2M of Franklin Managed Municipal Income Trust stock for Q3 2021, down 1.8% quarter-over-quarter.
  • 5 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2021 and 5 closed out, a net change of 0 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2021 was AlphaCentric Advisors, an estimated $301K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2021 was Ramiah Investment Group, an estimated $224K sold.

Based on aggregated 13F filings for Q3 2021.