Federated Hermes Premier Municipal Income Fund
20 hedge funds and large institutions have $7.46M invested in Federated Hermes Premier Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
5% more funds holding
Funds holding: 19 → 20 (+1)
0.49% more ownership
Funds ownership: 8.14% → 8.63% (+0.49%)
8% less capital invested
Capital invested by funds: $8.09M → $7.46M (-$630K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$730K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$123K |
| 3 |
Morgan Stanley
New York
|
+$55.1K |
| 4 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$43.9K |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$38.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$170K |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$161K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$99.7K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$74.2K |
| 5 |
PMG
ProVise Management Group
Clearwater,
Florida
|
-$57.1K |
FMN Hedge Fund Activity: Q4 2016 in Review
20 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2016, worth a combined $7.46M — down 7.8% from $8.09M 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 5 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $730K. The largest seller was Wells Fargo, cutting an estimated $170K.
- 20 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2016, up from 19 in Q3 2016.
- Funds reported $7.46M of Federated Hermes Premier Municipal Income Fund stock for Q4 2016, down 7.8% quarter-over-quarter.
- 3 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2016 and 2 closed out, a net change of +1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2016 was Robinson Capital Management, an estimated $730K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2016 was Wells Fargo, an estimated $170K sold.
Based on aggregated 13F filings for Q4 2016.