CTAs are almost max long in equities, have very limited room to buy: UBS
In recent transactions disclosed on April 11, 2025, Bank of America Corp (NYSE:BAC) and its subsidiary Merrill Lynch, Pierce, Fenner & Smith Inc. sold shares worth $141 in Federated Hermes (NYSE:FHI) Premier Municipal Income Fund (NYSE:FMN). The sale involved 13 shares at prices ranging from $10.295 to $10.94 per share. This follows a previous acquisition of 13 shares at $10.85 each. The transactions leave the reporting entities with no remaining shares in the fund. The statement, jointly filed by both companies, clarifies that they do not claim beneficial ownership of these securities beyond their pecuniary interest. InvestingPro analysis reveals several additional key metrics and insights about FMN’s financial health, including its attractive P/E ratio of 6.69 and market capitalization of $117.51 million.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.