November 21, 2016 - By Nellie Frank · 0 Comments
Federated Premier Municipal Income Fund (NYSE:FMN) institutional sentiment decreased to 2.25 in 2016 Q2. Its down -0.75, from 3 in 2016Q1. The ratio turned negative, as 9 investment managers increased and started new positions, while 3 decreased and sold positions in Federated Premier Municipal Income Fund. The investment managers in our partner’s database now own: 469,445 shares, up from 360,753 shares in 2016Q1. Also, the number of investment managers holding Federated Premier Municipal Income Fund in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 2 Increased: 7 New Position: 2.
Federated Premier Municipal Income Fund is a diversified, closed-end management investment company. The company has a market cap of $86.14 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 long-term, tax-exempt municipal bonds diversified among states, sectors and issuers.
The stock decreased 0.35% or $0.05 on November 18, hitting $14.05. Federated Premier Municipal Income (NYSE:FMN) has declined 11.08% since April 19, 2016 and is downtrending. It has underperformed by 14.94% the S&P500.
Robinson Capital Management Llc holds 0.7% of its portfolio in Federated Premier Municipal Income for 73,089 shares. Provise Management Group Llc owns 50,680 shares or 0.15% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.03% invested in the company for 104,881 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Creative Planning, a Kansas-based fund reported 5,181 shares.#img1#
Federated Premier 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 long-term municipal securities. The Fund’s portfolio includes municipal bonds and short-term municipals.
More important recent Federated Premier Municipal Income (NYSE:FMN) news were published by: Seekingalpha.com which released: “CEF Weekly Review: Focus On BlackRock Diversified Fund” on February 26, 2012, also Seekingalpha.com published article titled: “Tax-Free, Municipal-Bond CEFs: The AMT-Free Funds”, Seekingalpha.com published: “AMT-Free Muni-Bond CEFs: Portfolio Quality” on October 20, 2015. More interesting news about Federated Premier Municipal Income (NYSE:FMN) was released by: Etfdb.com and their article: “Mutual Fund to ETF Converter” with publication date: September 21, 2010.
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By Nellie Frank