Institutional investors purchased a net $352.8 thousand shares of BEN during the quarter ended March 2013. This may signal that the smart money is gaining interest in this company as the 51.65% of the shares outstanding that institutional investors hold is among the lowest in the Investment Managers industry.
| Individual stakeholders | 37.28% |
| Other institutional | 26.86% |
| Mutual fund holders | 24.79% |