Franklin Managed Municipal Income Trust
PMM
71 hedge funds and large institutions have $40.5M invested in Franklin Managed Municipal Income Trust in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 9 reducing their positions, and 6 closing their positions.
156% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 9
8% more capital invested
Capital invested by funds: $37.5M → $40.5M (+$2.97M)
0.6% less ownership
Funds ownership: 10.9% → 10.3% (-0.6%)
3% less funds holding
Funds holding: 73 → 71 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$951K |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$374K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$372K |
| 4 |
Morgan Stanley
New York
|
+$311K |
| 5 |
JPLA
Joseph P. Lucia & Associates
Yorktown Heights,
New York
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.84M |
| 2 |
Cohen & Steers
New York
|
-$1.58M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$761K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$354K |
| 5 |
MWPCG
Measured Wealth Private Client Group
Portsmouth,
New Hampshire
|
-$225K |
PMM Hedge Fund Activity: Q4 2019 in Review
71 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2019, worth a combined $40.5M — up 7.9% from $37.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PMM and 5 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 23 added.
The largest buyer was Ameriprise, adding an estimated $951K. The largest seller was Rivernorth Capital Management, cutting an estimated $1.84M.
- 71 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2019, down from 73 in Q3 2019.
- Funds reported $40.5M of Franklin Managed Municipal Income Trust stock for Q4 2019, up 7.9% quarter-over-quarter.
- 5 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2019 and 6 closed out, a net change of -1 holder.
- The largest Franklin Managed Municipal Income Trust buyer in Q4 2019 was Ameriprise, an estimated $951K added.
- The largest Franklin Managed Municipal Income Trust seller in Q4 2019 was Rivernorth Capital Management, an estimated $1.84M sold.
Based on aggregated 13F filings for Q4 2019.