Franklin Managed Municipal Income Trust
PMM
80 hedge funds and large institutions have $46.4M invested in Franklin Managed Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
7% more funds holding
Funds holding: 75 → 80 (+5)
1% more capital invested
Capital invested by funds: $45.8M → $46.4M (+$580K)
0.05% less ownership
Funds ownership: 12.68% → 12.63% (-0.05%)
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$611K |
| 2 |
Morgan Stanley
New York
|
+$424K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$395K |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$391K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$340K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.12M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.79M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$698K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$540K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$486K |
PMM Hedge Fund Activity: Q1 2019 in Review
80 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2019, worth a combined $46.4M — up 1.3% from $45.8M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PMM positions and 7 closed out — a net gain of 6 holders — while 17 added to existing stakes and 18 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $611K. The largest seller was Robinson Capital Management, cutting an estimated $2.12M.
- 80 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2019, up from 75 in Q4 2018.
- Funds reported $46.4M of Franklin Managed Municipal Income Trust stock for Q1 2019, up 1.3% quarter-over-quarter.
- 13 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2019 and 7 closed out, a net change of +6 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2019 was Raymond James & Associates, an estimated $611K added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2019 was Robinson Capital Management, an estimated $2.12M sold.
Based on aggregated 13F filings for Q1 2019.