Franklin Municipal Opportunities Trust
PMO
77 hedge funds and large institutions have $65.1M invested in Franklin Municipal Opportunities Trust in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 16
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
7% more capital invested
Capital invested by funds: $60.7M → $65.1M (+$4.44M)
3% more funds holding
Funds holding: 75 → 77 (+2)
0.23% more ownership
Funds ownership: 13.63% → 13.86% (+0.23%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$2.88M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$406K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$323K |
| 4 |
M&T Bank
Buffalo,
New York
|
+$307K |
| 5 |
IFG
Independent Financial Group
San Diego,
California
|
+$230K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.63M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$755K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$297K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
-$224K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$109K |
PMO Hedge Fund Activity: Q4 2020 in Review
77 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q4 2020, worth a combined $65.1M — up 7.3% from $60.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMO positions and 7 closed out — a net gain of 3 holders — while 24 added to existing stakes and 16 trimmed.
The largest buyer was Kestra Advisory Services, adding an estimated $2.88M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.63M.
- 77 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q4 2020, up from 75 in Q3 2020.
- Funds reported $65.1M of Franklin Municipal Opportunities Trust stock for Q4 2020, up 7.3% quarter-over-quarter.
- 10 funds opened new Franklin Municipal Opportunities Trust positions in Q4 2020 and 7 closed out, a net change of +3 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q4 2020 was Kestra Advisory Services, an estimated $2.88M added.
- The largest Franklin Municipal Opportunities Trust seller in Q4 2020 was Rivernorth Capital Management, an estimated $2.63M sold.
Based on aggregated 13F filings for Q4 2020.