Franklin Municipal Opportunities Trust
PMO
74 hedge funds and large institutions have $57.2M invested in Franklin Municipal Opportunities Trust in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 7 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 19
0.89% less ownership
Funds ownership: 12.74% → 11.85% (-0.89%)
2% less capital invested
Capital invested by funds: $58.2M → $57.2M (-$1.07M)
5% less funds holding
Funds holding: 78 → 74 (-4)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LB
Leo Brokerage
Hurst,
Texas
|
+$924K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$208K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$163K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$155K |
| 5 |
1SB
1ST Source Bank
South Bend,
Indiana
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$1.69M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.31M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.05M |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$429K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$335K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCA
76
Snowden Capital Advisors
New York
| – | -$249K | -18,610 | Closed |
|
77
Cohen & Steers
New York
| – | -$157K | -11,735 | Closed |
|
|
IAIM
78
International Assets Investment Management
Orlando,
Florida
| – | -$156K | -11,522 | Closed |
|
79
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$56K | -4,072 | Closed |
|
|
SFS
80
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$29K | -2,086 | Closed |
|
|
BWL
81
Bogart Wealth LLC
Mclean,
Virginia
| – | -$10K | -778 | Closed |
|
PMO Hedge Fund Activity: Q2 2021 in Review
74 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2021, worth a combined $57.2M — down 1.8% from $58.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PMO and 4 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 21 added.
The largest buyer was Leo Brokerage, adding an estimated $924K. The largest seller was Mackay Shields LLC, cutting an estimated $1.69M.
- 74 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2021, down from 78 in Q1 2021.
- Funds reported $57.2M of Franklin Municipal Opportunities Trust stock for Q2 2021, down 1.8% quarter-over-quarter.
- 4 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2021 and 7 closed out, a net change of -3 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q2 2021 was Leo Brokerage, an estimated $924K added.
- The largest Franklin Municipal Opportunities Trust seller in Q2 2021 was Mackay Shields LLC, an estimated $1.69M sold.
Based on aggregated 13F filings for Q2 2021.