abrdn National Municipal Income Fund (NYSE:VFL) Trading Up 0.4%

abrdn National Municipal Income Fund (NYSE:VFL)’s stock price was up 0.4% during trading on Friday . The company traded as high as $9.54 and last traded at $9.50. Approximately 47,626 shares changed hands during trading, an increase of 78% from the average daily volume of 26,826 shares. The stock had previously closed at $9.47.

abrdn National Municipal Income Fund Stock Performance

The stock’s 50-day moving average is $9.83 and its 200 day moving average is $10.16.

abrdn National Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th were issued a $0.0325 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.11%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VFL. Advisor Group Holdings Inc. raised its holdings in shares of abrdn National Municipal Income Fund by 76.6% in the first quarter. Advisor Group Holdings Inc. now owns 17,027 shares of the company’s stock worth $215,000 after buying an additional 7,388 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of abrdn National Municipal Income Fund by 54.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 35,059 shares of the company’s stock worth $443,000 after acquiring an additional 12,289 shares during the period. US Bancorp DE acquired a new stake in shares of abrdn National Municipal Income Fund in the first quarter worth $54,000. Cetera Advisor Networks LLC acquired a new stake in shares of abrdn National Municipal Income Fund in the first quarter worth $429,000. Finally, Private Advisor Group LLC acquired a new stake in shares of abrdn National Municipal Income Fund in the first quarter worth $145,000. Hedge funds and other institutional investors own 33.33% of the company’s stock.

abrdn National Municipal Income Fund Company Profile

abrdn National Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by abrdn Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal obligations, the income from which is exempt from federal income taxes.