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PMO

Franklin Municipal Opportunities Trust
PMO

59 hedge funds and large institutions have $68.1M invested in Franklin Municipal Opportunities Trust in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

1% more capital invested

Capital invested by funds: $67.5M → $68.1M (+$604K)

0% more funds holding

Funds holding: 59 → 59 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3.14% less ownership

Funds ownership: 13.68% → 10.54% (-3.1%)

Holders
59
Holders Change
–
Holders Change %
0%
% of All Funds
1.47%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
18
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$1.24M
2
RCM
Robinson Capital Management
Michigan
+$655K
3
Bank of America
Bank of America
North Carolina
+$487K
4
Morgan Stanley
Morgan Stanley
New York
+$276K
5
CRC
Curi RMB Capital
Illinois
+$252K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.62M
2
IWA
IBEX Wealth Advisors
New Jersey
-$1.1M
3
WAM
Weiss Asset Management
Massachusetts
-$294K
4
GC
Guggenheim Capital
Illinois
-$240K
5
KIM
Karpus Investment Management
New York
-$207K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
51
Ladenburg Thalmann Financial Services
Florida
$42K +$6.93K +571 +20%
PNC Financial Services Group
52
PNC Financial Services Group
Pennsylvania
$34K – – –
Fifth Third Bancorp
53
Fifth Third Bancorp
Ohio
$30K – – –
MA
54
MUFG Americas
New York
$28K +$5.23K +431 +23%
PCP
55
Proficio Capital Partners
Massachusetts
$23K -$1.82K -150 -7%
PFSC
56
Peoples Financial Services Corp
Pennsylvania
$21K – – –
RAM
57
Riggs Asset Management
Pennsylvania
$18K – – –
HA
58
Harfst & Associates
Wyoming
$11K +$11.9K +981 New
WA
59
WFG Advisors
Texas
$6K – – –
CFA
60
Carroll Financial Associates
North Carolina
$3K – – –
IWA
61
IBEX Wealth Advisors
New Jersey
– -$1.1M -91,080 Closed
WAM
62
Weiss Asset Management
Massachusetts
– -$294K -24,618 Closed
KIM
63
Karpus Investment Management
New York
– -$207K -17,324 Closed
Squarepoint
64
Squarepoint
New York
– -$207K -17,300 Closed
WAM
65
Wealthspire Advisors (Maryland)
Maryland
– -$25K -2,081 Closed
PA
66
Parallel Advisors
California
– -$1K -57 Closed
1 2
3

PMO Hedge Fund Activity: Q1 2017 in Review

59 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2017, worth a combined $68.1M — up 0.9% from $67.5M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PMO positions and 6 closed out — a net gain of 1 holder — while 18 added to existing stakes and 14 trimmed.

The largest buyer was Wells Fargo, adding an estimated $1.24M. The largest seller was Advisors Asset Management, cutting an estimated $1.62M.

  • 59 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2017, unchanged from Q4 2016.
  • Funds reported $68.1M of Franklin Municipal Opportunities Trust stock for Q1 2017, up 0.9% quarter-over-quarter.
  • 7 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2017 and 6 closed out, a net change of +1 holder.
  • The largest Franklin Municipal Opportunities Trust buyer in Q1 2017 was Wells Fargo, an estimated $1.24M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q1 2017 was Advisors Asset Management, an estimated $1.62M sold.

Based on aggregated 13F filings for Q1 2017.