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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
DBT
51
Dubuque Bank & Trust
Iowa
$91K – – –
PAG
52
Private Advisor Group
New Jersey
$88K – – –
MAFM
53
Mid Atlantic Financial Management
Pennsylvania
$86K +$811 +100 +1%
Carson Wealth (CWM LLC)
54
Carson Wealth (CWM LLC)
Nebraska
$85K – – –
Rockefeller Capital Management
55
Rockefeller Capital Management
New York
$81K +$36.5K +4,500 +82%
US Bancorp
56
US Bancorp
Minnesota
$58K – – –
PNC Financial Services Group
57
PNC Financial Services Group
Pennsylvania
$55K -$26.3K -3,245 -32%
TH
58
TCTC Holdings
Texas
$55K -$26K -3,200 -32%
BEI
59
Benjamin Edwards Inc
Missouri
$44K – – –
BFC
60
Bedel Financial Consulting
Indiana
$41K – – –
AF
61
Advisornet Financial
Minnesota
$32K – – –
AIC
62
Ameritas Investment Company
Nebraska
$31K +$30.8K +3,798 New
BWA
63
BDO Wealth Advisors
Florida
$29K +$28.4K +3,500 New
M
64
MOTCO
Texas
$24K -$24.2K -2,989 -50%
COCM
65
Charter Oak Capital Management
New Hampshire
$20K – – –
CA
66
Crewe Advisors
Utah
$20K – – –
GWM
67
Geneos Wealth Management
Colorado
$17K – – –
CHC
68
City Holding Co
West Virginia
$16K – – –
NFSG
69
Newbridge Financial Services Group
Florida
$15K – – –
CWP
70
Concord Wealth Partners
Virginia
$13K – – –
Citigroup
71
Citigroup
New York
$12K – – –
TFS
72
TrustCore Financial Services
Tennessee
$10K – – –
HI
73
Harbour Investments
Wisconsin
$9K +$8.88K +1,095 New
Fifth Third Bancorp
74
Fifth Third Bancorp
Ohio
$7K – – –
MIM
75
Macroview Investment Management
Maryland
$3K – – –
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.