Franklin Managed Municipal Income Trust
PMM
71 hedge funds and large institutions have $38.9M invested in Franklin Managed Municipal Income Trust in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 7 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
2% more capital invested
Capital invested by funds: $38.1M → $38.9M (+$849K)
0.47% less ownership
Funds ownership: 9.49% → 9.03% (-0.47%)
5% less funds holding
Funds holding: 75 → 71 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$412K |
| 2 |
PA
Procyon Advisors
Shelton,
Connecticut
|
+$108K |
| 3 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$106K |
| 4 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
+$88.3K |
| 5 |
VanEck Associates
New York
|
+$69.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$626K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$534K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$519K |
| 4 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$218K |
| 5 |
PFT
Providence First Trust
Scottsdale,
Arizona
|
-$140K |
PMM Hedge Fund Activity: Q2 2021 in Review
71 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2021, worth a combined $38.9M — up 2.2% from $38.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PMM and 3 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 19 added.
The largest buyer was Invesco, adding an estimated $412K. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $626K.
- 71 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2021, down from 75 in Q1 2021.
- Funds reported $38.9M of Franklin Managed Municipal Income Trust stock for Q2 2021, up 2.2% quarter-over-quarter.
- 3 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2021 and 7 closed out, a net change of -4 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2021 was Invesco, an estimated $412K added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2021 was Cambridge Investment Research Advisors, an estimated $626K sold.
Based on aggregated 13F filings for Q2 2021.