Federated Hermes Premier Municipal Income Fund
35 hedge funds and large institutions have $26.3M invested in Federated Hermes Premier Municipal Income Fund in 2021 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 6 closing their positions.
0.93% less ownership
Funds ownership: 15.86% → 14.93% (-0.93%)
3% less funds holding
Funds holding: 36 → 35 (-1)
8% less capital invested
Capital invested by funds: $28.6M → $26.3M (-$2.25M)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$2.47M |
| 2 |
XF
XML Financial
Bethesda,
Maryland
|
+$1.8M |
| 3 |
LPL Financial
San Diego,
California
|
+$629K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$442K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$267K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.63M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.55M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$911K |
| 4 |
PAS
Park Avenue Securities
New York
|
-$898K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$641K |
FMN Hedge Fund Activity: Q3 2021 in Review
35 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Federated Hermes Premier Municipal Income Fund (FMN) for Q3 2021, worth a combined $26.3M — down 7.9% from $28.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FMN and 5 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 8 added.
The largest buyer was Kestra Advisory Services, opening a new position worth an estimated $2.47M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $1.63M sold.
- 35 institutional investors held Federated Hermes Premier Municipal Income Fund (FMN) as of Q3 2021, down from 36 in Q2 2021.
- Funds reported $26.3M of Federated Hermes Premier Municipal Income Fund stock for Q3 2021, down 7.9% quarter-over-quarter.
- 5 funds opened new Federated Hermes Premier Municipal Income Fund positions in Q3 2021 and 6 closed out, a net change of -1 holder.
- The largest Federated Hermes Premier Municipal Income Fund buyer in Q3 2021 was Kestra Advisory Services, an estimated $2.47M added.
- The largest Federated Hermes Premier Municipal Income Fund seller in Q3 2021 was 1607 Capital Partners, an estimated $1.63M sold.
Based on aggregated 13F filings for Q3 2021.