Raymond James Financial Services Advisors Inc. reduced its holdings in shares of Federated Premier Intermediate Municipal (NYSE:FPT) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,881 shares of the company’s stock after selling 1,325 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Federated Premier Intermediate Municipal were worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FPT. Icon Advisers Inc. Co. bought a new position in Federated Premier Intermediate Municipal during the second quarter valued at approximately $732,000. Wells Fargo & Company MN grew its position in Federated Premier Intermediate Municipal by 11.9% during the second quarter. Wells Fargo & Company MN now owns 63,143 shares of the company’s stock valued at $862,000 after acquiring an additional 6,730 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Federated Premier Intermediate Municipal by 11.5% during the second quarter. First Trust Advisors LP now owns 40,402 shares of the company’s stock valued at $552,000 after acquiring an additional 4,158 shares during the last quarter.

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Federated Premier Intermediate Municipal (NYSE:FPT) opened at $13.34 on Monday. Federated Premier Intermediate Municipal has a 52-week low of $12.55 and a 52-week high of $13.92.

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Monday, October 23rd were given a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Friday, October 20th.

About Federated Premier Intermediate Municipal

Federated Premier Intermediate 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 federal alternative minimum tax (AMT). The Fund invests in various sectors, such as pre-refunded, dedicated tax, hospital, education, toll road, senior care, water and sewer, public power, airport, industrial development bond/pollution control revenue and public power.

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Institutional Ownership by Quarter for Federated Premier Intermediate Municipal (NYSE:FPT)

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