Federated Hermes Premier Municipal Income Fund
14 hedge funds and large institutions have $5.29M invested in Federated Hermes Premier Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
21% more capital invested
Capital invested by funds: $4.39M → $5.29M (+$903K)
8% more funds holding
Funds holding: 13 → 14 (+1)
0.79% more ownership
Funds ownership: 4.76% → 5.55% (+0.79%)
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$784K |
| 2 |
Creative Planning
Overland Park,
Kansas
|
+$45.4K |
| 3 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$41.3K |
| 4 |
Morgan Stanley
New York
|
+$21.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$61.2K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$42.6K |
| 3 |
KeyBank National Association
Cleveland,
Ohio
|
-$31.8K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$13.8K |
| 5 |
LPL Financial
San Diego,
California
|
-$13K |
FMN Hedge Fund Activity: Q1 2016 in Review
14 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2016, worth a combined $5.29M — up 21% from $4.39M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new FMN positions and 1 closed out — a net gain of 1 holder — while 3 added to existing stakes and 6 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $784K. The largest seller was Advisors Asset Management, cutting an estimated $61.2K.
- 14 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2016, up from 13 in Q4 2015.
- Funds reported $5.29M of Federated Hermes Premier Municipal Income Fund stock for Q1 2016, up 21% quarter-over-quarter.
- 2 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2016 and 1 closed out, a net change of +1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2016 was Robinson Capital Management, an estimated $784K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2016 was Advisors Asset Management, an estimated $61.2K sold.
Based on aggregated 13F filings for Q1 2016.