Franklin Municipal Opportunities Trust
PMO
63 hedge funds and large institutions have $68.8M invested in Franklin Municipal Opportunities Trust in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 21 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
7% more funds holding
Funds holding: 59 → 63 (+4)
0.69% more ownership
Funds ownership: 13.74% → 14.44% (+0.69%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
24% less capital inflows, than outflows
Capital inflows: $6.31M | Capital outflows: $8.28M
38% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.46M |
| 2 |
IBEX Wealth Advisors
Bedminster,
New Jersey
|
+$1.13M |
| 3 |
Cohen & Steers
New York
|
+$403K |
| 4 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$300K |
| 5 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$255K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.1M |
| 2 |
Landscape Capital Management
Englewood,
New Jersey
|
-$885K |
| 3 |
Mackay Shields LLC
New York
|
-$817K |
| 4 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$701K |
| 5 |
Guggenheim Capital
Chicago,
Illinois
|
-$568K |
PMO Hedge Fund Activity: Q2 2017 in Review
63 of the 4,023 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2017, worth a combined $68.8M — up 0.99% from $68.1M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMO positions and 6 closed out — a net gain of 4 holders — while 13 added to existing stakes and 21 trimmed.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $2.46M. The largest seller was Fiera Capital (Canada), cutting an estimated $3.1M.
- 63 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2017, up from 59 in Q1 2017.
- Funds reported $68.8M of Franklin Municipal Opportunities Trust stock for Q2 2017, up 0.99% quarter-over-quarter.
- 10 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2017 and 6 closed out, a net change of +4 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $2.46M added.
- The largest Franklin Municipal Opportunities Trust seller in Q2 2017 was Fiera Capital (Canada), an estimated $3.1M sold.
Based on aggregated 13F filings for Q2 2017.