Federated Hermes Premier Municipal Income Fund
43 hedge funds and large institutions have $29.5M invested in Federated Hermes Premier Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 3 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
1% more capital invested
Capital invested by funds: $29.2M → $29.5M (+$251K)
0.59% less ownership
Funds ownership: 18.64% → 18.05% (-0.59%)
4% less funds holding
Funds holding: 45 → 43 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$511K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$326K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$305K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$203K |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$151K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.37M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$453K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$322K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$173K |
| 5 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$151K |
FMN Hedge Fund Activity: Q3 2019 in Review
43 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2019, worth a combined $29.5M — up 0.86% from $29.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FMN and 1 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 16 added.
The largest buyer was Guggenheim Capital, adding an estimated $511K. The largest seller was Sit Investment Associates, cutting an estimated $1.37M.
- 43 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2019, down from 45 in Q2 2019.
- Funds reported $29.5M of Federated Hermes Premier Municipal Income Fund stock for Q3 2019, up 0.86% quarter-over-quarter.
- 1 fund opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2019 and 3 closed out, a net change of -2 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2019 was Guggenheim Capital, an estimated $511K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2019 was Sit Investment Associates, an estimated $1.37M sold.
Based on aggregated 13F filings for Q3 2019.