Federated Hermes Premier Municipal Income Fund
9 hedge funds and large institutions have $1.79M invested in Federated Hermes Premier Municipal Income Fund in 2014 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 3 closing their positions.
0.1% less ownership
Funds ownership: 2.02% → 1.93% (-0.1%)
17% less capital invested
Capital invested by funds: $2.15M → $1.79M (-$357K)
25% less funds holding
Funds holding: 12 → 9 (-3)
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$96.1K |
| 2 |
Morgan Stanley
New York
|
+$34.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
-$319K |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$94.2K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$15.1K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$10.4K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$9.79K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PMG
1
ProVise Management Group
Clearwater,
Florida
| $526K | +$96.1K | +6,375 | +22% |
|
|
2
Morgan Stanley
New York
| $430K | +$34.5K | +2,291 | +9% |
|
3
Wells Fargo
San Francisco,
California
| $235K | -$9.03K | -599 | -4% |
|
4
KeyBank National Association
Cleveland,
Ohio
| $230K | -$6.48K | -430 | -3% |
|
5
LPL Financial
San Diego,
California
| $157K | – | – | – |
|
|
DADC
6
D.A. Davidson & Co
Great Falls,
Montana
| $138K | -$94.2K | -6,248 | -40% |
|
|
U
7
UBS
Zurich,
Switzerland
| $49K | -$10.4K | -687 | -18% |
|
|
NFG
8
Next Financial Group
Houston,
Texas
| $17K | – | – | – |
|
|
9
Royal Bank of Canada
Toronto,
Ontario, Canada
| $8K | -$15.1K | -1,000 | -67% |
|
|
TCM
10
Tradewinds Capital Management
Bellingham,
Washington
| – | -$319K | -20,983 | Closed |
|
|
11
Bank of America
Charlotte,
North Carolina
| – | -$9.79K | -649 | Closed |
|
|
TRCT
12
Tower Research Capital (TRC)
New York
| – | -$3K | -200 | Closed |
|
FMN Hedge Fund Activity: Q3 2014 in Review
9 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2014, worth a combined $1.79M — down 17% from $2.15M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FMN and 0 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 2 added.
The largest buyer was ProVise Management Group, adding an estimated $96.1K. The largest seller was Tradewinds Capital Management, exiting entirely with an estimated $319K sold.
- 9 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2014, down from 12 in Q2 2014.
- Funds reported $1.79M of Federated Hermes Premier Municipal Income Fund stock for Q3 2014, down 17% quarter-over-quarter.
- 0 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2014 and 3 closed out, a net change of -3 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2014 was ProVise Management Group, an estimated $96.1K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2014 was Tradewinds Capital Management, an estimated $319K sold.
Based on aggregated 13F filings for Q3 2014.