Federated Hermes Premier Municipal Income Fund
36 hedge funds and large institutions have $28.8M invested in Federated Hermes Premier Municipal Income Fund in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 5 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
2.2% less ownership
Funds ownership: 19.42% → 17.22% (-2.2%)
5% less funds holding
Funds holding: 38 → 36 (-2)
13% less capital invested
Capital invested by funds: $33.1M → $28.8M (-$4.29M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$165K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$134K |
| 3 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$83.3K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$45.4K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$41.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$2.09M |
| 2 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$828K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$247K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$200K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$185K |
FMN Hedge Fund Activity: Q1 2021 in Review
36 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2021, worth a combined $28.8M — down 13% from $33.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FMN and 3 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 12 added.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $165K. The largest seller was Kestra Advisory Services, exiting entirely with an estimated $2.09M sold.
- 36 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2021, down from 38 in Q4 2020.
- Funds reported $28.8M of Federated Hermes Premier Municipal Income Fund stock for Q1 2021, down 13% quarter-over-quarter.
- 3 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2021 and 5 closed out, a net change of -2 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2021 was Northwestern Mutual Wealth Management, an estimated $165K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2021 was Kestra Advisory Services, an estimated $2.09M sold.
Based on aggregated 13F filings for Q1 2021.