Federated Hermes Premier Municipal Income Fund
40 hedge funds and large institutions have $26.8M invested in Federated Hermes Premier Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 4 closing their positions.
2% more capital invested
Capital invested by funds: $26.4M → $26.8M (+$413K)
0.07% more ownership
Funds ownership: 17.55% → 17.62% (+0.07%)
0% more funds holding
Funds holding: 40 → 40 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$736K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$604K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$311K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$278K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.63M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$437K |
| 3 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
-$127K |
| 4 |
MF
Manchester Financial
Westlake Village,
California
|
-$112K |
| 5 |
Morgan Stanley
New York
|
-$109K |
FMN Hedge Fund Activity: Q2 2020 in Review
40 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q2 2020, worth a combined $26.8M — up 1.6% from $26.4M a quarter earlier.
Fund positioning in FMN was balanced in Q2 2020: 4 funds opened new positions, 4 closed out, 14 added to existing stakes and 14 trimmed.
The largest buyer was Benjamin F. Edwards & Company, opening a new position worth an estimated $736K. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.63M sold.
- 40 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q2 2020, unchanged from Q1 2020.
- Funds reported $26.8M of Federated Hermes Premier Municipal Income Fund stock for Q2 2020, up 1.6% quarter-over-quarter.
- 4 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q2 2020 and 4 closed out, a net change of 0 holders.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q2 2020 was Benjamin F. Edwards & Company, an estimated $736K added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q2 2020 was Robinson Capital Management, an estimated $1.63M sold.
Based on aggregated 13F filings for Q2 2020.