Federated Hermes Premier Municipal Income Fund
38 hedge funds and large institutions have $33.1M invested in Federated Hermes Premier Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
15% more capital invested
Capital invested by funds: $28.8M → $33.1M (+$4.33M)
1.91% more ownership
Funds ownership: 17.51% → 19.42% (+1.9%)
0% more funds holding
Funds holding: 38 → 38 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$2.02M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$905K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$490K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$150K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$71.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$277K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$115K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$79.3K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$56.7K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$54K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
LPL Financial
San Diego,
California
| $265K | -$13.6K | -950 | -5% |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $261K | +$24.2K | +1,689 | +11% |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $230K | – | – | – |
|
|
SDWMA
29
Schneider Downs Wealth Management Advisors
Pittsburgh,
Pennsylvania
| $196K | – | – | – |
|
|
AA
30
AQR Arbitrage
Greenwich,
Connecticut
| $185K | -$56.7K | -3,966 | -24% |
|
|
CIA
31
Capital Investment Advisors
Atlanta,
Georgia
| $169K | – | – | – |
|
|
RIA
32
Realta Investment Advisors
Wilmington,
Delaware
| $166K | +$472 | +33 | +0.3% |
|
33
AllianceBernstein
Nashville,
Tennessee
| $162K | – | – | – |
|
|
34
Truist Financial
Charlotte,
North Carolina
| $155K | +$150K | +10,462 | New |
|
35
Osaic Holdings
Scottsdale,
Arizona
| $33K | – | – | – |
|
|
GWM
36
Geneos Wealth Management
Englewood,
Colorado
| $29K | +$7.85K | +549 | +37% |
|
|
CFGS
37
Concourse Financial Group Securities
Birmingham,
Alabama
| $22K | – | – | – |
|
|
ASN
38
Advisory Services Network
Atlanta,
Georgia
| – | -$45K | -3,183 | Closed |
|
FMN Hedge Fund Activity: Q4 2020 in Review
38 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2020, worth a combined $33.1M — up 15% from $28.8M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FMN positions and 2 closed out — a net gain of 1 holder — while 15 added to existing stakes and 10 trimmed.
The largest buyer was Kestra Advisory Services, opening a new position worth an estimated $2.02M. The largest seller was Bank of America, cutting an estimated $277K.
- 38 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2020, unchanged from Q3 2020.
- Funds reported $33.1M of Federated Hermes Premier Municipal Income Fund stock for Q4 2020, up 15% quarter-over-quarter.
- 3 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2020 and 2 closed out, a net change of +1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2020 was Kestra Advisory Services, an estimated $2.02M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2020 was Bank of America, an estimated $277K sold.
Based on aggregated 13F filings for Q4 2020.