Federated Premier Intermediate Municipal Income Fund Stock as Institutional Investors Exit

December 8, 2017 - By Clifton Ray

 Federated Premier Intermediate Municipal Income Fund Stock  as Institutional Investors Exit

Sentiment for Federated Premier Intermediate Municipal Income Fund (NYSE:FPT)

Federated Premier Intermediate Municipal Income Fund (NYSE:FPT) institutional sentiment decreased to 0.5 in 2017 Q2. Its down -1.83, from 2.33 in 2017Q1. The ratio worsened, as 6 hedge funds opened new or increased equity positions, while 12 decreased and sold their equity positions in Federated Premier Intermediate Municipal Income Fund. The hedge funds in our partner’s database now possess: 2.32 million shares, up from 2.20 million shares in 2017Q1. Also, the number of hedge funds holding Federated Premier Intermediate Municipal Income Fund in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 10 Increased: 3 New Position: 3.

The stock increased 0.22% or $0.03 during the last trading session, reaching $13.55. About 11,366 shares traded. Federated Premier Intermediate Municipal Income Fund (NYSE:FPT) has declined 4.81% since December 8, 2016 and is downtrending. It has underperformed by 21.51% the S&P500.

Karpus Management Inc. holds 1.02% of its portfolio in Federated Premier Intermediate Municipal Income Fund for 1.47 million shares. Sit Investment Associates Inc owns 280,104 shares or 0.09% of their US portfolio. Moreover, Provise Management Group Llc has 0.06% invested in the company for 27,810 shares. The Colorado-based Icon Advisers Inc Co has invested 0.05% in the stock. Rivernorth Capital Management Llc, a Illinois-based fund reported 43,699 shares.#img1#

More notable recent Federated Premier Intermediate Municipal Income Fund (NYSE:FPT) news were published by: Seekingalpha.com which released: “FMN – Quality Muni Fund At A Discount, But There Is A Better Way Of Buying” on November 20, 2017, also Moodys.com with their article: “Moody’s affirms and assigns new preferred share ratings to Federated closed …” published on November 22, 2017, Seekingalpha.com published: “FPT – Even More Quality Munis At A Discount?” on November 17, 2017. More interesting news about Federated Premier Intermediate Municipal Income Fund (NYSE:FPT) were released by: Prnewswire.com and their article: “Federated Premier Intermediate Municipal Income Fund Commences Tender Offer …” published on July 14, 2017 as well as Prnewswire.com‘s news article titled: “Federated Premier Intermediate Municipal Income Fund Announces Final Results …” with publication date: August 17, 2017.

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