Who Owns Franklin Municipal Opportunities Stock?
NYSE: PMOFinanceFinance CompaniesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Ownership breakdown
- Held by institutions
- 35.85%
- Held by insiders
- 0.04%
- Institutional holders
- 98
- Institutions 35.9%
- Insiders 0.0%
- Public and other 64.1%
Who owns Franklin Municipal Opportunities stock?
Institutional investors own about 35.9% of Franklin Municipal Opportunities's shares, spread across 98 institutions that file 13F reports. That level of institutional ownership is relatively low, leaving more of the stock with retail investors and insiders. Insiders, including executives, directors and large founding shareholders, hold 0.04% of PMO.
The largest institutional holders are RiverNorth Capital Management, LLC (2.98%), Advisors Asset Management, Inc. (2.21%) and Robinson Capital Management, LLC (2.03%). Together, the top 10 institutions control 15.9% of shares outstanding. In their latest filings, 5 of the top 10 institutions increased their PMO positions and 5 reduced them.
Summary generated from market data by MetaCap's automated system. Methodology
Top institutional holders of PMO
| Institution | Shares | % Held | Change |
|---|---|---|---|
| RiverNorth Capital Management, LLC | 949.04K | 2.98% | +38.4% |
| Advisors Asset Management, Inc. | 701.63K | 2.21% | +1.1% |
| Robinson Capital Management, LLC | 645.26K | 2.03% | +11.6% |
| Hennion & Walsh Asset Management, Inc. | 550.52K | 1.73% | -2.0% |
| Melfa Wealth Management, Inc. | 459.51K | 1.44% | -2.7% |
| Morgan Stanley | 443.30K | 1.39% | +2.0% |
| Guggenheim Capital, LLC | 430.74K | 1.35% | -28.1% |
| Allspring Global Investments Holdings, LLC | 307.43K | 0.97% | +105.1% |
| Commonwealth Equity Services, LLC | 306.53K | 0.96% | -0.5% |
| Wells Fargo & Company | 280.63K | 0.88% | -4.1% |
% held is the share of total shares outstanding. Change is the percentage change in the position since the holder's previous 13F filing.
Top mutual fund and ETF holders of PMO
| Fund | Shares | % Held |
|---|---|---|
| INVESTMENT MANAGERS SERIES TRUST-Robinson Tax Advantaged Income Fund | 645.26K | 2.03% |
| RiverNorth Flexible Municipal Income Fund II Inc. | 444.02K | 1.40% |
| VanEck ETF Trust-VanEck CEF Muni Income ETF | 263.86K | 0.83% |
| RiverNorth Managed Duration Municipal Income Fund Inc. | 159.04K | 0.50% |
| RiverNorth Opportunistic Municipal Income Fund Inc. | 96.91K | 0.30% |
| RiverNorth Flexible Municipal Income Fund Inc. | 71.31K | 0.22% |
| Cohen & Steers Closed-End Opportunity Fund, Inc. | 69.20K | 0.22% |
| RiverNorth Managed Duration Municipal Income Fund II Inc. | 46.71K | 0.15% |
| Rydex Variable Trust-Multi-Hedge Strategies Fund | 472 | 0.00% |
| Rydex Series Funds-Guggenheim Multi-Hedge Strategies Fund | 168 | 0.00% |
Frequently asked questions
Who is the largest shareholder of Franklin Municipal Opportunities?
RiverNorth Capital Management, LLC is the largest institutional shareholder of PMO, owning 2.98% of shares outstanding (949.04K shares) as of its latest 13F filing.
What percentage of Franklin Municipal Opportunities is owned by institutions?
Institutions own about 35.9% of PMO shares and 35.9% of the public float.
How much of Franklin Municipal Opportunities do insiders own?
Insiders, such as officers and directors, own about 0.04% of PMO shares outstanding.
Where does institutional ownership data come from?
Investment managers with more than $100 million in US equities must file Form 13F with the SEC within 45 days of each quarter-end. Holdings are therefore up to about 4.5 months old when published.