Franklin Managed Municipal Income Trust
PMM
70 hedge funds and large institutions have $39.3M invested in Franklin Managed Municipal Income Trust in 2021 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 8 reducing their positions, and 5 closing their positions.
188% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 8
1% more capital invested
Capital invested by funds: $38.9M → $39.3M (+$333K)
0.35% more ownership
Funds ownership: 9.03% → 9.38% (+0.35%)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
1% less funds holding
Funds holding: 71 → 70 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AlphaCentric Advisors
San Juan,
Puerto Rico
|
+$301K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$269K |
| 3 |
JPLA
Joseph P. Lucia & Associates
Yorktown Heights,
New York
|
+$230K |
| 4 |
IFG
Independent Financial Group
San Diego,
California
|
+$224K |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
Ramiah Investment Group
Brookfield,
Wisconsin
|
-$224K |
| 2 |
HR
Hayden Royal
Charlotte,
North Carolina
|
-$207K |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
-$158K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$37.3K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$35.4K |
PMM Hedge Fund Activity: Q3 2021 in Review
70 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2021, worth a combined $39.3M — up 0.86% from $38.9M a quarter earlier.
Fund positioning in PMM was balanced in Q3 2021: 5 funds opened new positions, 5 closed out, 23 added to existing stakes and 8 trimmed.
The largest buyer was AlphaCentric Advisors, opening a new position worth an estimated $301K. The largest seller was Ramiah Investment Group, exiting entirely with an estimated $224K sold.
- 70 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2021, down from 71 in Q2 2021.
- Funds reported $39.3M of Franklin Managed Municipal Income Trust stock for Q3 2021, up 0.86% quarter-over-quarter.
- 5 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2021 and 5 closed out, a net change of 0 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2021 was AlphaCentric Advisors, an estimated $301K added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2021 was Ramiah Investment Group, an estimated $224K sold.
Based on aggregated 13F filings for Q3 2021.