Federated Hermes Premier Municipal Income Fund
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.38M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$5.46M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.93M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$931K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$821K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$77.4K |
| 2 |
IA
IFP Advisors
Tampa,
Florida
|
-$21.4K |
FMN Hedge Fund Activity: Q4 2017 in Review
31 of the 4,419 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.