Federated Hermes Premier Municipal Income Fund
13 hedge funds and large institutions have $3.31M invested in Federated Hermes Premier Municipal Income Fund in 2015 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 1 reducing their positions, and 5 closing their positions.
500% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 1
0.13% more ownership
Funds ownership: 3.73% → 3.86% (+0.13%)
7% less capital invested
Capital invested by funds: $3.55M → $3.31M (-$241K)
19% less funds holding
Funds holding: 16 → 13 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$727K |
| 2 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$31.5K |
| 3 |
KeyBank National Association
Cleveland,
Ohio
|
+$29.3K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$21.7K |
| 5 |
LSA
Liberty Street Advisors
New York
|
+$20.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$358K |
| 2 |
WRM
Westport Resources Management
Westport,
Connecticut
|
-$209K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$78K |
| 4 |
CCA
Catalyst Capital Advisors
Huntington,
New York
|
-$65K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$33K |
FMN Hedge Fund Activity: Q2 2015 in Review
13 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q2 2015, worth a combined $3.31M — down 6.8% from $3.55M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FMN and 2 opened new positions — a net loss of 3 holders — while 1 trimmed existing stakes and 6 added.
The largest buyer was Advisors Asset Management, adding an estimated $727K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $358K sold.
- 13 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q2 2015, down from 16 in Q1 2015.
- Funds reported $3.31M of Federated Hermes Premier Municipal Income Fund stock for Q2 2015, down 6.8% quarter-over-quarter.
- 2 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q2 2015 and 5 closed out, a net change of -3 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q2 2015 was Advisors Asset Management, an estimated $727K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q2 2015 was Wolverine Asset Management, an estimated $358K sold.
Based on aggregated 13F filings for Q2 2015.