Federated Hermes Premier Municipal Income Fund
12 hedge funds and large institutions have $2.15M invested in Federated Hermes Premier Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 0 closing their positions.
50% more funds holding
Funds holding: 8 → 12 (+4)
7% more capital invested
Capital invested by funds: $2M → $2.15M (+$148K)
0.06% more ownership
Funds ownership: 1.96% → 2.02% (+0.06%)
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$154K |
| 2 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$100K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$48.9K |
| 4 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
+$24.4K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$9.57K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$241K |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$44.2K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$10.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PMG
1
ProVise Management Group
Clearwater,
Florida
| $436K | +$100K | +6,800 | +31% |
|
|
2
Morgan Stanley
New York
| $401K | -$241K | -16,318 | -38% |
|
|
TCM
3
Tradewinds Capital Management
Bellingham,
Washington
| $319K | +$24.4K | +1,656 | +9% |
|
|
4
Wells Fargo
San Francisco,
California
| $246K | -$10.8K | -734 | -4% |
|
5
KeyBank National Association
Cleveland,
Ohio
| $239K | – | – | – |
|
|
DADC
6
D.A. Davidson & Co
Great Falls,
Montana
| $235K | -$44.2K | -3,000 | -16% |
|
|
7
LPL Financial
San Diego,
California
| $159K | +$154K | +10,476 | New |
|
|
U
8
UBS
Zurich,
Switzerland
| $59K | +$48.9K | +3,319 | +553% |
|
9
Royal Bank of Canada
Toronto,
Ontario, Canada
| $23K | – | – | – |
|
|
NFG
10
Next Financial Group
Houston,
Texas
| $17K | +$16.7K | +1,130 | New |
|
|
11
Bank of America
Charlotte,
North Carolina
| $10K | +$9.57K | +649 | New |
|
|
TRCT
12
Tower Research Capital (TRC)
New York
| $3K | +$2.95K | +200 | New |
|
FMN Hedge Fund Activity: Q2 2014 in Review
12 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q2 2014, worth a combined $2.15M — up 7.4% from $2M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FMN positions and 0 closed out — a net gain of 4 holders — while 3 added to existing stakes and 3 trimmed.
The largest buyer was LPL Financial, opening a new position worth an estimated $154K. The largest seller was Morgan Stanley, cutting an estimated $241K.
- 12 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q2 2014, up from 8 in Q1 2014.
- Funds reported $2.15M of Federated Hermes Premier Municipal Income Fund stock for Q2 2014, up 7.4% quarter-over-quarter.
- 4 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q2 2014 and 0 closed out, a net change of +4 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q2 2014 was LPL Financial, an estimated $154K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q2 2014 was Morgan Stanley, an estimated $241K sold.
Based on aggregated 13F filings for Q2 2014.