Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Trading 0.1% Higher – Here’s What Happened

Shares of Federated Hermes Premier Municipal Income Fund (NYSE:FMN) were up 0.1% during mid-day trading on Thursday . The company traded as high as $11.27 and last traded at $11.26. Approximately 50,294 shares traded hands during mid-day trading, an increase of 69% from the average daily volume of 29,737 shares. The stock had previously closed at $11.25.

Federated Hermes Premier Municipal Income Fund Price Performance

The business has a fifty day simple moving average of $11.13 and a two-hundred day simple moving average of $10.98.

Federated Hermes Premier Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 23rd were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

Hedge funds have recently bought and sold shares of the stock. Camelot Portfolios LLC purchased a new stake in Federated Hermes Premier Municipal Income Fund in the fourth quarter worth about $72,000. Savvy Advisors Inc. purchased a new stake in Federated Hermes Premier Municipal Income Fund in the 4th quarter worth approximately $143,000. PFG Investments LLC purchased a new stake in Federated Hermes Premier Municipal Income Fund in the 3rd quarter worth approximately $173,000. Citadel Advisors LLC bought a new stake in Federated Hermes Premier Municipal Income Fund during the 3rd quarter worth approximately $173,000. Finally, Alpine Global Management LLC purchased a new position in Federated Hermes Premier Municipal Income Fund during the third quarter valued at approximately $200,000.

About Federated Hermes Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.