We are live on ! Find out more
FMN

Federated Hermes Premier Municipal Income Fund
FMN

16 hedge funds and large institutions have $7.86M invested in Federated Hermes Premier Municipal Income Fund in 2016 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 2 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 2

49% more capital invested

Capital invested by funds: $5.29M → $7.86M (+$2.57M)

14% more funds holding

Funds holding: 14 → 16 (+2)

2.12% more ownership

Funds ownership: 5.55% → 7.67% (+2.1%)

Holders
16
Holders Change
+2
Holders Change %
+14.29%
% of All Funds
0.43%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
7
Reduced
2
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.4M
2
Morgan Stanley
Morgan Stanley
New York
+$659K
3
RCM
Robinson Capital Management
Michigan
+$341K
4
Wells Fargo
Wells Fargo
California
+$59K
5
KeyBank National Association
KeyBank National Association
Ohio
+$33.5K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$306K
2
AAM
Advisors Asset Management
Colorado
-$131K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$1.74M -$131K -8,201 -7%
GC
2
Guggenheim Capital
Illinois
$1.46M +$1.4M +87,761 New
Morgan Stanley
3
Morgan Stanley
New York
$1.34M +$659K +41,313 +104%
RCM
4
Robinson Capital Management
Michigan
$1.21M +$341K +21,352 +41%
PMG
5
ProVise Management Group
Florida
$841K +$15.2K +955 +2%
LPL Financial
6
LPL Financial
California
$384K -$306K -19,183 -45%
Wells Fargo
7
Wells Fargo
California
$290K +$59K +3,699 +27%
KeyBank National Association
8
KeyBank National Association
Ohio
$287K +$33.5K +2,100 +14%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$102K +$14.6K +917 +17%
Creative Planning
10
Creative Planning
Kansas
$86K – – –
UBS Group
11
UBS Group
Switzerland
$59K – – –
LTFS
12
Ladenburg Thalmann Financial Services
Florida
$25K – – –
GWM
13
Geneos Wealth Management
Colorado
$24K – – –
Bank of America
14
Bank of America
North Carolina
$9K +$32 +2 +0.4%
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$8K +$7.97K +500 New

FMN Hedge Fund Activity: Q2 2016 in Review

16 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q2 2016, worth a combined $7.86M — up 49% from $5.29M a quarter earlier.

Buyers outnumbered sellers: 2 funds opened new FMN positions and 0 closed out — a net gain of 2 holders — while 7 added to existing stakes and 2 trimmed.

The largest buyer was Guggenheim Capital, opening a new position worth an estimated $1.4M. The largest seller was LPL Financial, cutting an estimated $306K.

  • 16 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q2 2016, up from 14 in Q1 2016.
  • Funds reported $7.86M of Federated Hermes Premier Municipal Income Fund stock for Q2 2016, up 49% quarter-over-quarter.
  • 2 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q2 2016 and 0 closed out, a net change of +2 holders.
  • The largest Federated Hermes Premier Municipal Income Fund buyer in Q2 2016 was Guggenheim Capital, an estimated $1.4M added.
  • The largest Federated Hermes Premier Municipal Income Fund seller in Q2 2016 was LPL Financial, an estimated $306K sold.

Based on aggregated 13F filings for Q2 2016.