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Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
PRNewswire (Fri, 15-Mar 9:05 AM ET)
Federated Hermes Premier Municipal Income Fund declares dividend
PRNewswire (Mon, 11-Mar 9:06 AM ET)
Federated Hermes Premier Municipal Income Fund declares dividend and announces new Trustee
PRNewswire (Wed, 10-Jan 9:15 AM ET)
The funds investment objective is to pursue current income exempt from federal income tax, including the alternative minimum tax (AMT). The fund invests in long-term, tax-exempt municipal bonds diversified among states, sectors and issuers. The fund is managed to pursue attractive yields through changing market cycles. The fund may invest up to 20% of its assets in non-investment grade securities that generally entail greater market, credit and liquidity risks than investment grade securities.
Federated Premier Muni Income trades on the NYSE stock market under the symbol FMN.
As of March 28, 2024, FMN stock price was flat at $11.07 with 26,126 million shares trading.
FMN has a beta of 0.67, meaning it tends to be less sensitive to market movements. FMN has a correlation of 0.38 to the broad based SPY ETF.
FMN has a market cap of $127.28 million. This is considered a Micro Cap stock.
In the last 3 years, FMN stock traded as high as $16.97 and as low as $9.09.
FMN has underperformed the market in the last year with a price return of +10.2% while the SPY ETF gained +33.6%. FMN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.0% and -0.7%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
FMN support price is $11.00 and resistance is $11.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FMN stock will trade within this expected range on the day.