We are live on ! Find out more
PMM

Franklin Managed Municipal Income Trust

73 hedge funds and large institutions have $36.2M invested in Franklin Managed Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 7

3% more funds holding

Funds holding: 7173 (+2)

0% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 17

0.07% less ownership

Funds ownership: 10.3%10.23% (-0.07%)

11% less capital invested

Capital invested by funds: $40.5M → $36.2M (-$4.25M)

Holders
73
Holders Change
+2
Holders Change %
+2.82%
% of All Funds
1.61%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
11
Increased
17
Reduced
17
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$3.77M -$385K -49,166 -9%
RJA
2
Raymond James & Associates
Florida
$3.73M +$252K +32,163 +7%
Invesco
3
Invesco
Georgia
$3.13M +$84.7K +10,828 +3%
Ameriprise
4
Ameriprise
Minnesota
$2.46M -$267K -34,136 -9%
Bank of America
5
Bank of America
North Carolina
$1.65M +$425K +54,326 +31%
Osaic Holdings
6
Osaic Holdings
Arizona
$1.55M +$1.68M +215,367 New
UBS Group
7
UBS Group
Switzerland
$1.29M -$487K -62,247 -26%
VanEck Associates
8
VanEck Associates
New York
$1.16M -$145K -18,506 -10%
KIM
9
Karpus Investment Management
New York
$990K +$1.08M +137,501 New
COLIM
10
City of London Investment Management
United Kingdom
$949K +$1.04M +132,569 New
LPL Financial
11
LPL Financial
California
$947K +$76.9K +9,830 +8%
Cambridge Investment Research Advisors
12
Cambridge Investment Research Advisors
Iowa
$932K +$580K +74,120 +134%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$910K +$59.9K +7,664 +6%
RJFSA
14
Raymond James Financial Services Advisors
Florida
$885K -$230K -29,426 -19%
CIA
15
Capital Investment Advisors
Georgia
$858K -$23.5K -3,000 -2%
GCP
16
Gill Capital Partners
Colorado
$821K +$892K +114,012 New
BRWA
17
B. Riley Wealth Advisors
Florida
$786K +$187K +23,930 +28%
SBIA
18
Sheaff Brock Investment Advisors
Indiana
$782K +$27.3K +3,485 +3%
DLG
19
Daniel L. Goodwin
$728K
WS
20
Wedbush Securities
California
$590K -$200K -25,617 -24%
GI
21
Glovista Investments
New Jersey
$522K +$270K +34,510 +91%
Wells Fargo
22
Wells Fargo
California
$513K +$188 +24 +0%
UCFA
23
United Capital Financial Advisors
Texas
$497K -$148K -18,949 -22%
TFCP
24
Twin Focus Capital Partners
Massachusetts
$446K
JPLA
25
Joseph P. Lucia & Associates
New York
$425K -$11.1K -1,415 -2%

PMM Hedge Fund Activity: Q1 2020 in Review

73 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2020, worth a combined $36.2M — down 11% from $40.5M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PMM positions and 7 closed out — a net gain of 4 holders — while 17 added to existing stakes and 17 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $1.08M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.7M sold.

  • 73 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2020, up from 71 in Q4 2019.
  • Funds reported $36.2M of Franklin Managed Municipal Income Trust stock for Q1 2020, down 11% quarter-over-quarter.
  • 11 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2020 and 7 closed out, a net change of +4 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $1.08M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2020 was Rivernorth Capital Management, an estimated $2.7M sold.

Based on aggregated 13F filings for Q1 2020.