Franklin Municipal Opportunities Trust
PMO
78 hedge funds and large institutions have $58.2M invested in Franklin Municipal Opportunities Trust in 2021 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
21% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 19
1% more funds holding
Funds holding: 77 → 78 (+1)
1.12% less ownership
Funds ownership: 13.86% → 12.74% (-1.1%)
11% less capital invested
Capital invested by funds: $65.1M → $58.2M (-$6.88M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.32M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.23M |
| 3 |
LB
Leo Brokerage
Hurst,
Texas
|
+$785K |
| 4 |
Koshinski Asset Management
Decatur,
Illinois
|
+$391K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$216K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$2.63M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$2.06M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.92M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.19M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$659K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BWL
76
Bogart Wealth LLC
Mclean,
Virginia
| $10K | – | – | – |
|
77
Citigroup
New York
| $5K | – | – | – |
|
|
CFA
78
Carroll Financial Associates
Charlotte,
North Carolina
| $4K | +$27 | +2 | +0.6% |
|
|
RCM
79
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1.92M | -140,289 | Closed |
|
80
M&T Bank
Buffalo,
New York
| – | -$317K | -23,120 | Closed |
|
|
PAG
81
Private Advisor Group
Morristown,
New Jersey
| – | -$160K | -11,673 | Closed |
|
|
GWS
82
Glassman Wealth Services
Vienna,
Virginia
| – | -$120K | -8,800 | Closed |
|
|
PWPS
83
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$67K | -4,884 | Closed |
|
|
AWG
84
Altus Wealth Group
Colorado Springs,
Colorado
| – | -$14K | -1,034 | Closed |
|
|
MA
85
Montag & Associates
Atlanta,
Georgia
| – | -$12K | -852 | Closed |
|
|
PFO
86
Pathstone Family Office
Englewood,
New Jersey
| – | -$1K | -45 | Closed |
|
PMO Hedge Fund Activity: Q1 2021 in Review
78 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2021, worth a combined $58.2M — down 11% from $65.1M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMO positions and 8 closed out — a net gain of 2 holders — while 23 added to existing stakes and 19 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.32M. The largest seller was Kestra Advisory Services, cutting an estimated $2.63M.
- 78 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2021, up from 77 in Q4 2020.
- Funds reported $58.2M of Franklin Municipal Opportunities Trust stock for Q1 2021, down 11% quarter-over-quarter.
- 10 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2021 and 8 closed out, a net change of +2 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q1 2021 was Robinson Capital Management, an estimated $1.32M added.
- The largest Franklin Municipal Opportunities Trust seller in Q1 2021 was Kestra Advisory Services, an estimated $2.63M sold.
Based on aggregated 13F filings for Q1 2021.