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FMN

Federated Hermes Premier Municipal Income Fund
FMN

31 hedge funds and large institutions have $26.9M invested in Federated Hermes Premier Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 2 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 2

288% more capital invested

Capital invested by funds: $6.94M → $26.9M (+$20M)

82% more funds holding

Funds holding: 17 → 31 (+14)

9.05% more ownership

Funds ownership: 7.61% → 16.66% (+9%)

Holders
31
Holders Change
+14
Holders Change %
+82.35%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
12
Reduced
2
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$6.38M
2
IA
Icon Advisers
Colorado
+$5.46M
3
RCM
Robinson Capital Management
Michigan
+$1.93M
4
SIA
Sit Investment Associates
Minnesota
+$931K
5
Wells Fargo
Wells Fargo
California
+$821K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$77.4K
2
IA
IFP Advisors
Florida
-$21.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$6.26M +$6.38M +446,022 New
IA
2
Icon Advisers
Colorado
$5.35M +$5.46M +381,367 New
RCM
3
Robinson Capital Management
Michigan
$3.97M +$1.93M +134,600 +91%
Morgan Stanley
4
Morgan Stanley
New York
$1.44M +$346K +24,166 +31%
PMG
5
ProVise Management Group
Florida
$1.38M +$403K +28,183 +40%
Wells Fargo
6
Wells Fargo
California
$983K +$821K +57,369 +453%
SIA
7
Sit Investment Associates
Minnesota
$914K +$931K +65,108 New
GC
8
Guggenheim Capital
Illinois
$894K -$77.4K -5,411 -8%
RJA
9
Raymond James & Associates
Florida
$759K +$773K +54,036 New
HK
10
Horizon Kinetics
New York
$748K +$762K +53,269 New
PNC Financial Services Group
11
PNC Financial Services Group
Pennsylvania
$549K +$517K +36,114 +1,204%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$475K +$295K +20,622 +156%
CRC
13
Curi RMB Capital
Illinois
$432K +$440K +30,778 New
Federated Hermes
14
Federated Hermes
Pennsylvania
$379K +$101K +7,035 +39%
Bank of America
15
Bank of America
North Carolina
$364K +$357K +24,925 +2,493%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$340K +$134K +9,332 +63%
BHWM
17
Bar Harbor Wealth Management
New Hampshire
$312K +$318K +22,256 New
KeyBank National Association
18
KeyBank National Association
Ohio
$215K – – –
SMC
19
Smith, Moore & Co
Missouri
$189K +$2.32K +162 +1%
SDWMA
20
Schneider Downs Wealth Management Advisors
Pennsylvania
$186K +$190K +13,260 New
LPL Financial
21
LPL Financial
California
$181K +$184K +12,873 New
AllianceBernstein
22
AllianceBernstein
Tennessee
$154K +$157K +10,946 New
AFA
23
Aurora Financial Advisors
Massachusetts
$150K +$153K +10,688 New
UBS Group
24
UBS Group
Switzerland
$140K +$52K +3,634 +57%
Fifth Third Bancorp
25
Fifth Third Bancorp
Ohio
$42K – – –
1
2

FMN Hedge Fund Activity: Q4 2017 in Review

31 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2017, worth a combined $26.9M — up 288% from $6.94M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FMN positions and 0 closed out — a net gain of 14 holders — while 12 added to existing stakes and 2 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $6.38M. The largest seller was Guggenheim Capital, cutting an estimated $77.4K.

  • 31 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2017, up from 17 in Q3 2017.
  • Funds reported $26.9M of Federated Hermes Premier Municipal Income Fund stock for Q4 2017, up 288% quarter-over-quarter.
  • 14 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2017 and 0 closed out, a net change of +14 holders.
  • The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2017 was Karpus Investment Management, an estimated $6.38M added.
  • The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2017 was Guggenheim Capital, an estimated $77.4K sold.

Based on aggregated 13F filings for Q4 2017.