Franklin Managed Municipal Income Trust
PMM
76 hedge funds and large institutions have $37.9M invested in Franklin Managed Municipal Income Trust in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
67% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 15
10% more capital invested
Capital invested by funds: $34.4M → $37.9M (+$3.54M)
10% more funds holding
Funds holding: 69 → 76 (+7)
0.43% more ownership
Funds ownership: 9.12% → 9.55% (+0.43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$710K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$435K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$432K |
| 4 |
JPLA
Joseph P. Lucia & Associates
Yorktown Heights,
New York
|
+$426K |
| 5 |
PFT
Providence First Trust
Scottsdale,
Arizona
|
+$226K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$944K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$711K |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$114K |
| 4 |
Citigroup
New York
|
-$78.1K |
| 5 |
Cohen & Steers
New York
|
-$60K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Truist Financial
Charlotte,
North Carolina
| – | -$114K | -14,908 | Closed |
|
|
S
77
SignatureFD
Atlanta,
Georgia
| – | -$34K | -4,450 | Closed |
|
|
FHA
78
First Horizon Advisors
Memphis,
Tennessee
| – | -$9K | -1,220 | Closed |
|
|
FCA
79
FinTrust Capital Advisors
Greenville,
South Carolina
| – | -$3 | -332 | Closed |
|
PMM Hedge Fund Activity: Q4 2020 in Review
76 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2020, worth a combined $37.9M — up 10% from $34.4M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PMM positions and 4 closed out — a net gain of 7 holders — while 25 added to existing stakes and 15 trimmed.
The largest buyer was Kestra Advisory Services, adding an estimated $710K. The largest seller was UBS Group, cutting an estimated $944K.
- 76 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2020, up from 69 in Q3 2020.
- Funds reported $37.9M of Franklin Managed Municipal Income Trust stock for Q4 2020, up 10% quarter-over-quarter.
- 11 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2020 and 4 closed out, a net change of +7 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q4 2020 was Kestra Advisory Services, an estimated $710K added.
- The largest Franklin Managed Municipal Income Trust seller in Q4 2020 was UBS Group, an estimated $944K sold.
Based on aggregated 13F filings for Q4 2020.