We are live on ! Find out more
FMN

Federated Hermes Premier Municipal Income Fund
FMN

31 hedge funds and large institutions have $26.9M invested in Federated Hermes Premier Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 2 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 2

288% more capital invested

Capital invested by funds: $6.94M → $26.9M (+$20M)

82% more funds holding

Funds holding: 17 → 31 (+14)

9.05% more ownership

Funds ownership: 7.61% → 16.66% (+9%)

Holders
31
Holders Change
+14
Holders Change %
+82.35%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
12
Reduced
2
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$6.38M
2
IA
Icon Advisers
Colorado
+$5.46M
3
RCM
Robinson Capital Management
Michigan
+$1.93M
4
SIA
Sit Investment Associates
Minnesota
+$931K
5
Wells Fargo
Wells Fargo
California
+$821K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$77.4K
2
IA
IFP Advisors
Florida
-$21.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCP
26
Proficio Capital Partners
Massachusetts
$29K +$29.5K +2,065 New
AG
27
Advisor Group
Arizona
$27K +$27.2K +1,900 New
IA
28
IFP Advisors
Florida
$22K -$21.4K -1,495 -49%
GWM
29
Geneos Wealth Management
Colorado
$21K – – –
WAM
30
Wolverine Asset Management
Illinois
$15K +$15.8K +1,106 New
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$13K +$1.9K +133 +18%
1
2

FMN Hedge Fund Activity: Q4 2017 in Review

31 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2017, worth a combined $26.9M — up 288% from $6.94M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FMN positions and 0 closed out — a net gain of 14 holders — while 12 added to existing stakes and 2 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $6.38M. The largest seller was Guggenheim Capital, cutting an estimated $77.4K.

  • 31 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2017, up from 17 in Q3 2017.
  • Funds reported $26.9M of Federated Hermes Premier Municipal Income Fund stock for Q4 2017, up 288% quarter-over-quarter.
  • 14 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2017 and 0 closed out, a net change of +14 holders.
  • The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2017 was Karpus Investment Management, an estimated $6.38M added.
  • The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2017 was Guggenheim Capital, an estimated $77.4K sold.

Based on aggregated 13F filings for Q4 2017.