Federated Hermes Premier Municipal Income Fund
16 hedge funds and large institutions have $3.55M invested in Federated Hermes Premier Municipal Income Fund in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 2 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
13% more capital invested
Capital invested by funds: $3.14M → $3.55M (+$409K)
7% more funds holding
Funds holding: 15 → 16 (+1)
0.23% more ownership
Funds ownership: 3.5% → 3.73% (+0.23%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$530K |
| 2 |
LSA
Liberty Street Advisors
New York
|
+$337K |
| 3 |
Morgan Stanley
New York
|
+$121K |
| 4 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$36.9K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$32.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$395K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$158K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$138K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$135K |
| 5 |
WRM
Westport Resources Management
Westport,
Connecticut
|
-$46.5K |
FMN Hedge Fund Activity: Q1 2015 in Review
16 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2015, worth a combined $3.55M — up 13% from $3.14M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FMN positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Advisors Asset Management, opening a new position worth an estimated $530K. The largest seller was Mariner Investment Group, exiting entirely with an estimated $395K sold.
- 16 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2015, up from 15 in Q4 2014.
- Funds reported $3.55M of Federated Hermes Premier Municipal Income Fund stock for Q1 2015, up 13% quarter-over-quarter.
- 3 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2015 and 2 closed out, a net change of +1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2015 was Advisors Asset Management, an estimated $530K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2015 was Mariner Investment Group, an estimated $395K sold.
Based on aggregated 13F filings for Q1 2015.