Federated Hermes Premier Municipal Income Fund
17 hedge funds and large institutions have $7.04M invested in Federated Hermes Premier Municipal Income Fund in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 4 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
0.83% less ownership
Funds ownership: 8.63% → 7.79% (-0.83%)
5% less capital invested
Capital invested by funds: $7.38M → $7.04M (-$340K)
15% less funds holding
Funds holding: 20 → 17 (-3)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
+$178K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$99.8K |
| 3 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$85.7K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$66.9K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$54K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$431K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$274K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$260K |
| 4 |
LPL Financial
San Diego,
California
|
-$147K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$54.4K |
FMN Hedge Fund Activity: Q2 2017 in Review
17 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q2 2017, worth a combined $7.04M — down 4.6% from $7.38M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FMN and 1 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 8 added.
The largest buyer was Smith, Moore & Co, opening a new position worth an estimated $178K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $431K sold.
- 17 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q2 2017, down from 20 in Q1 2017.
- Funds reported $7.04M of Federated Hermes Premier Municipal Income Fund stock for Q2 2017, down 4.6% quarter-over-quarter.
- 1 fund opened new Federated Hermes Premier Municipal Income Fund positions in Q2 2017 and 4 closed out, a net change of -3 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q2 2017 was Smith, Moore & Co, an estimated $178K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q2 2017 was Laurion Capital Management, an estimated $431K sold.
Based on aggregated 13F filings for Q2 2017.