Federated Hermes Premier Municipal Income Fund
45 hedge funds and large institutions have $29.2M invested in Federated Hermes Premier Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
2% more funds holding
Funds holding: 44 → 45 (+1)
0.56% less ownership
Funds ownership: 19.2% → 18.64% (-0.56%)
2% less capital invested
Capital invested by funds: $29.7M → $29.2M (-$462K)
18% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$378K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$357K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$270K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$268K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$121K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$600K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$508K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$475K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$207K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$189K |
FMN Hedge Fund Activity: Q2 2019 in Review
45 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q2 2019, worth a combined $29.2M — down 1.6% from $29.7M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new FMN positions and 1 closed out — a net gain of 1 holder — while 14 added to existing stakes and 17 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $378K. The largest seller was Sit Investment Associates, cutting an estimated $600K.
- 45 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q2 2019, up from 44 in Q1 2019.
- Funds reported $29.2M of Federated Hermes Premier Municipal Income Fund stock for Q2 2019, down 1.6% quarter-over-quarter.
- 2 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q2 2019 and 1 closed out, a net change of +1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q2 2019 was Guggenheim Capital, an estimated $378K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q2 2019 was Sit Investment Associates, an estimated $600K sold.
Based on aggregated 13F filings for Q2 2019.