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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$485K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$420K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$324K |
| 4 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$183K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$170K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$875K |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$869K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$258K |
| 4 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$249K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWP
76
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$249K | -30,903 | Closed |
|
|
77
Stifel Financial
St. Louis,
Missouri
| – | -$146K | -18,110 | Closed |
|
|
AWG
78
Altus Wealth Group
Colorado Springs,
Colorado
| – | -$59K | -7,363 | Closed |
|
|
MA
79
Montag & Associates
Atlanta,
Georgia
| – | -$8K | -935 | Closed |
|
|
AWM
80
Avior Wealth Management
Omaha,
Nebraska
| – | -$2K | -267 | Closed |
|
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.