Franklin Managed Municipal Income Trust
PMM
73 hedge funds and large institutions have $30.3M invested in Franklin Managed Municipal Income Trust in 2022 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
1% more funds holding
Funds holding: 72 → 73 (+1)
0.26% more ownership
Funds ownership: 10.67% → 10.93% (+0.26%)
10% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 21
13% less capital invested
Capital invested by funds: $34.8M → $30.3M (-$4.47M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$807K |
| 2 |
KMWM
Keudell/Morrison Wealth Management
Salem,
Oregon
|
+$599K |
| 3 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$226K |
| 4 |
RWM
Ritholtz Wealth Management
New York
|
+$164K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$147K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$512K |
| 2 |
Cohen & Steers
New York
|
-$187K |
| 3 |
BCA
Bay Colony Advisors
Concord,
Massachusetts
|
-$129K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$116K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$109K |
PMM Hedge Fund Activity: Q3 2022 in Review
73 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2022, worth a combined $30.3M — down 13% from $34.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PMM positions and 7 closed out — a net gain of 1 holder — while 19 added to existing stakes and 21 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $807K. The largest seller was Invesco, cutting an estimated $512K.
- 73 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2022, up from 72 in Q2 2022.
- Funds reported $30.3M of Franklin Managed Municipal Income Trust stock for Q3 2022, down 13% quarter-over-quarter.
- 8 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2022 and 7 closed out, a net change of +1 holder.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2022 was Raymond James Financial Services Advisors, an estimated $807K added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2022 was Invesco, an estimated $512K sold.
Based on aggregated 13F filings for Q3 2022.