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FMN

Federated Hermes Premier Municipal Income Fund
FMN

19 hedge funds and large institutions have $8.09M invested in Federated Hermes Premier Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 4

19% more funds holding

Funds holding: 16 → 19 (+3)

3% more capital invested

Capital invested by funds: $7.86M → $8.09M (+$226K)

0.47% more ownership

Funds ownership: 7.67% → 8.14% (+0.47%)

Holders
19
Holders Change
+3
Holders Change %
+18.75%
% of All Funds
0.51%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
7
Reduced
4
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PMG
ProVise Management Group
Florida
+$224K
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$214K
3
CAN
Cetera Advisor Networks
California
+$163K
4
GC
Guggenheim Capital
Illinois
+$138K
5
Wells Fargo
Wells Fargo
California
+$54.9K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$209K
2
AAM
Advisors Asset Management
Colorado
-$96.3K
3
RCM
Robinson Capital Management
Michigan
-$57.1K
4
Morgan Stanley
Morgan Stanley
New York
-$56.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$1.59M -$96.3K -5,888 -6%
GC
2
Guggenheim Capital
Illinois
$1.55M +$138K +8,450 +10%
Morgan Stanley
3
Morgan Stanley
New York
$1.25M -$56.9K -3,481 -4%
RCM
4
Robinson Capital Management
Michigan
$1.12M -$57.1K -3,490 -5%
PMG
5
ProVise Management Group
Florida
$1.03M +$224K +13,715 +27%
Wells Fargo
6
Wells Fargo
California
$335K +$54.9K +3,356 +19%
KeyBank National Association
7
KeyBank National Association
Ohio
$278K – – –
RJFSA
8
Raymond James Financial Services Advisors
Florida
$210K +$214K +13,066 New
LPL Financial
9
LPL Financial
California
$167K -$209K -12,810 -55%
CAN
10
Cetera Advisor Networks
California
$161K +$163K +10,000 New
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$148K +$49.8K +3,046 +49%
Creative Planning
12
Creative Planning
Kansas
$83K – – –
UBS Group
13
UBS Group
Switzerland
$64K +$7.05K +431 +12%
PNC Financial Services Group
14
PNC Financial Services Group
Pennsylvania
$40K +$32.7K +2,000 +400%
GWM
15
Geneos Wealth Management
Colorado
$24K – – –
LTFS
16
Ladenburg Thalmann Financial Services
Florida
$24K – – –
Bank of America
17
Bank of America
North Carolina
$19K +$9.81K +600 +107%
TRCT
18
Tower Research Capital (TRC)
New York
$1K +$817 +50 New

FMN Hedge Fund Activity: Q3 2016 in Review

19 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2016, worth a combined $8.09M — up 2.9% from $7.86M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new FMN positions and 0 closed out — a net gain of 3 holders — while 7 added to existing stakes and 4 trimmed.

The largest buyer was ProVise Management Group, adding an estimated $224K. The largest seller was LPL Financial, cutting an estimated $209K.

  • 19 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2016, up from 16 in Q2 2016.
  • Funds reported $8.09M of Federated Hermes Premier Municipal Income Fund stock for Q3 2016, up 2.9% quarter-over-quarter.
  • 3 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2016 and 0 closed out, a net change of +3 holders.
  • The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2016 was ProVise Management Group, an estimated $224K added.
  • The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2016 was LPL Financial, an estimated $209K sold.

Based on aggregated 13F filings for Q3 2016.