Federated Hermes Premier Municipal Income Fund
42 hedge funds and large institutions have $19.4M invested in Federated Hermes Premier Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
17% more funds holding
Funds holding: 36 → 42 (+6)
1% more capital invested
Capital invested by funds: $19.2M → $19.4M (+$167K)
0.62% more ownership
Funds ownership: 12.57% → 13.19% (+0.62%)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
US Bancorp
Minneapolis,
Minnesota
|
+$1.01M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$359K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$201K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$165K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$146K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.01M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$378K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$134K |
| 4 |
HK
Horizon Kinetics
New York
|
-$129K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$129K |
FMN Hedge Fund Activity: Q3 2018 in Review
42 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2018, worth a combined $19.4M — up 0.87% from $19.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FMN positions and 2 closed out — a net gain of 6 holders — while 8 added to existing stakes and 12 trimmed.
The largest buyer was US Bancorp, opening a new position worth an estimated $1.01M. The largest seller was Karpus Investment Management, cutting an estimated $1.01M.
- 42 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2018, up from 36 in Q2 2018.
- Funds reported $19.4M of Federated Hermes Premier Municipal Income Fund stock for Q3 2018, up 0.87% quarter-over-quarter.
- 8 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2018 and 2 closed out, a net change of +6 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2018 was US Bancorp, an estimated $1.01M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2018 was Karpus Investment Management, an estimated $1.01M sold.
Based on aggregated 13F filings for Q3 2018.