Franklin Municipal Opportunities Trust
PMO
71 hedge funds and large institutions have $71M invested in Franklin Municipal Opportunities Trust in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 6 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
0% more funds holding
Funds holding: 71 → 71 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
0.9% less ownership
Funds ownership: 20.93% → 20.03% (-0.9%)
7% less capital invested
Capital invested by funds: $76.4M → $71M (-$5.45M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.97M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$348K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$211K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$182K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$179K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$5.13M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$997K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$906K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$792K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$420K |
PMO Hedge Fund Activity: Q3 2019 in Review
71 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2019, worth a combined $71M — down 7.1% from $76.4M a quarter earlier.
Fund positioning in PMO was balanced in Q3 2019: 6 funds opened new positions, 6 closed out, 21 added to existing stakes and 18 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.97M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $5.13M sold.
- 71 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $71M of Franklin Municipal Opportunities Trust stock for Q3 2019, down 7.1% quarter-over-quarter.
- 6 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2019 and 6 closed out, a net change of 0 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2019 was Rivernorth Capital Management, an estimated $3.97M added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2019 was Robinson Capital Management, an estimated $5.13M sold.
Based on aggregated 13F filings for Q3 2019.