Federated Hermes Premier Municipal Income Fund
20 hedge funds and large institutions have $7.38M invested in Federated Hermes Premier Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 2 reducing their positions, and 3 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 2
0% more funds holding
Funds holding: 20 → 20 (0)
0% less ownership
Funds ownership: 8.63% → 8.63% (-0%)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
1% less capital invested
Capital invested by funds: $7.46M → $7.38M (-$75K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$534K |
| 2 |
LCM
Laurion Capital Management
New York
|
+$437K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$264K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$161K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$81.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.31M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$150K |
| 3 |
Morgan Stanley
New York
|
-$67.9K |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$37K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1K |
FMN Hedge Fund Activity: Q1 2017 in Review
20 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q1 2017, worth a combined $7.38M — down 1% from $7.46M a quarter earlier.
Fund positioning in FMN was balanced in Q1 2017: 3 funds opened new positions, 3 closed out, 7 added to existing stakes and 2 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $534K. The largest seller was Advisors Asset Management, exiting entirely with an estimated $1.31M sold.
- 20 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q1 2017, unchanged from Q4 2016.
- Funds reported $7.38M of Federated Hermes Premier Municipal Income Fund stock for Q1 2017, down 1% quarter-over-quarter.
- 3 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q1 2017 and 3 closed out, a net change of 0 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q1 2017 was Robinson Capital Management, an estimated $534K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q1 2017 was Advisors Asset Management, an estimated $1.31M sold.
Based on aggregated 13F filings for Q1 2017.