Franklin Managed Municipal Income Trust
PMM
63 hedge funds and large institutions have $45.9M invested in Franklin Managed Municipal Income Trust in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 27 increasing their positions, 14 reducing their positions, and 4 closing their positions.
93% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 14
4% more capital invested
Capital invested by funds: $44M → $45.9M (+$1.88M)
0.37% more ownership
Funds ownership: 10.9% → 11.26% (+0.37%)
5% less funds holding
Funds holding: 66 → 63 (-3)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.06M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$532K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$501K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$481K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$306K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.31M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$631K |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
-$321K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$129K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$102K |
PMM Hedge Fund Activity: Q3 2017 in Review
63 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2017, worth a combined $45.9M — up 4.3% from $44M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PMM and 2 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 27 added.
The largest buyer was Invesco, adding an estimated $1.06M. The largest seller was Advisors Asset Management, cutting an estimated $1.31M.
- 63 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2017, down from 66 in Q2 2017.
- Funds reported $45.9M of Franklin Managed Municipal Income Trust stock for Q3 2017, up 4.3% quarter-over-quarter.
- 2 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2017 and 4 closed out, a net change of -2 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2017 was Invesco, an estimated $1.06M added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2017 was Advisors Asset Management, an estimated $1.31M sold.
Based on aggregated 13F filings for Q3 2017.