Federated Hermes Premier Municipal Income Fund
43 hedge funds and large institutions have $26.4M invested in Federated Hermes Premier Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 3 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
0% more funds holding
Funds holding: 43 → 43 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
1.78% less ownership
Funds ownership: 18.05% → 16.26% (-1.8%)
10% less capital invested
Capital invested by funds: $29.5M → $26.4M (-$3.08M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
+$766K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$758K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$412K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$356K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$353K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.05M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.21M |
| 3 |
US Bancorp
Minneapolis,
Minnesota
|
-$700K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$343K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$276K |
FMN Hedge Fund Activity: Q4 2019 in Review
43 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q4 2019, worth a combined $26.4M — down 10% from $29.5M a quarter earlier.
Fund positioning in FMN was balanced in Q4 2019: 3 funds opened new positions, 3 closed out, 18 added to existing stakes and 11 trimmed.
The largest buyer was Wakefield Asset Management, adding an estimated $766K. The largest seller was Karpus Investment Management, cutting an estimated $3.05M.
- 43 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $26.4M of Federated Hermes Premier Municipal Income Fund stock for Q4 2019, down 10% quarter-over-quarter.
- 3 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q4 2019 and 3 closed out, a net change of 0 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q4 2019 was Wakefield Asset Management, an estimated $766K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q4 2019 was Karpus Investment Management, an estimated $3.05M sold.
Based on aggregated 13F filings for Q4 2019.