November 17, 2016 - By Nellie Frank · 0 Comments
Federated Premier Intermediate Municipal Income Fund (NYSE:FPT) institutional sentiment decreased to 1.5 in Q2 2016. Its down -1.10, from 2.6 in 2016Q1. The ratio dived, as 9 institutional investors increased and started new positions, while 6 decreased and sold their equity positions in Federated Premier Intermediate Municipal Income Fund. The institutional investors in our partner’s database now have: 1.75 million shares, down from 1.82 million shares in 2016Q1. Also, the number of institutional investors holding Federated Premier Intermediate Municipal Income Fund in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 5 Increased: 9 New Position: 0.
Federated Premier Intermediate Municipal Income Fund is a diversified closed-end management investment company. The company has a market cap of $88.26 million. The Fund’s investment objective is to provide current income exempt from federal income tax, including the federal alternative minimum tax (AMT). It currently has negative earnings. The Fund invests in various sectors, such as dedicated tax, hospital, education, toll road, senior care, airport, industrial development bond/pollution control revenue, water and sewer, public power and general obligation-local.
About 11,177 shares traded hands. Federated Premier Intermediate Municipal (NYSE:FPT) has declined 9.55% since April 15, 2016 and is downtrending. It has underperformed by 14.18% the S&P500.
Karpus Management Inc. holds 0.88% of its portfolio in Federated Premier Intermediate Municipal for 1.18 million shares. Provise Management Group Llc owns 27,633 shares or 0.07% of their US portfolio. Moreover, Segment Wealth Management Llc has 0.07% invested in the company for 10,800 shares. The New York-based Horizon Kinetics Llc has invested 0.04% in the stock. Sigma Planning Corp, a Michigan-based fund reported 18,966 shares.#img1#
Federated Premier Intermediate Municipal Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide current income exempt from federal income tax, including the alternative minimum tax. It invests in intermediate-term municipal securities. The Fund’s portfolio includes municipal bonds and short-term municipals. It may invest up to 20% of its assets in non-investment-grade securities.
More important recent Federated Premier Intermediate Municipal (NYSE:FPT) news were published by: Prnewswire.com which released: “Federated Investors’ Closed-End Municipal Funds Declare Monthly Dividends” on November 09, 2016, also Seekingalpha.com published article titled: “CEF Weekly Review: Focus On BlackRock Diversified Fund”, Seekingalpha.com published: “Tax-Free, Municipal-Bond CEFs: The AMT-Free Funds” on October 19, 2015. More interesting news about Federated Premier Intermediate Municipal (NYSE:FPT) was released by: Seekingalpha.com and their article: “AMT-Free Muni-Bond CEFs: Portfolio Quality” with publication date: October 20, 2015.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Nellie Frank