Federated Hermes Premier Municipal Income Fund
47 hedge funds and large institutions have $27.9M invested in Federated Hermes Premier Municipal Income Fund in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 4 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
8% more capital invested
Capital invested by funds: $25.9M → $27.9M (+$2M)
3.26% more ownership
Funds ownership: 20.23% → 23.49% (+3.3%)
2% more funds holding
Funds holding: 46 → 47 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.16M |
| 2 |
XF
XML Financial
Bethesda,
Maryland
|
+$1.14M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$614K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$500K |
| 5 |
Morgan Stanley
New York
|
+$455K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
US Bancorp
Minneapolis,
Minnesota
|
-$1M |
| 2 |
BHWM
Bar Harbor Wealth Management
Concord,
New Hampshire
|
-$246K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$190K |
| 4 |
PMG
ProVise Management Group
Clearwater,
Florida
|
-$164K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$113K |
FMN Hedge Fund Activity: Q3 2022 in Review
47 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2022, worth a combined $27.9M — up 7.7% from $25.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FMN positions and 4 closed out — a net gain of 1 holder — while 20 added to existing stakes and 12 trimmed.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $1.16M. The largest seller was US Bancorp, exiting entirely with an estimated $1M sold.
- 47 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2022, up from 46 in Q2 2022.
- Funds reported $27.9M of Federated Hermes Premier Municipal Income Fund stock for Q3 2022, up 7.7% quarter-over-quarter.
- 5 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2022 and 4 closed out, a net change of +1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2022 was Hennion & Walsh Asset Management, an estimated $1.16M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2022 was US Bancorp, an estimated $1M sold.
Based on aggregated 13F filings for Q3 2022.