abrdn National Municipal Income Fund (NYSE:VFL) Trading Down 0.3% – Here’s Why

abrdn National Municipal Income Fund (NYSE:VFL) shares fell 0.3% during mid-day trading on Wednesday . The stock traded as low as $10.69 and last traded at $10.71. 15,130 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 32,265 shares. The stock had previously closed at $10.74.

abrdn National Municipal Income Fund Trading Down 0.3 %

The business has a fifty day simple moving average of $10.43 and a 200-day simple moving average of $10.72.

abrdn National Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Friday, February 21st.

Hedge Funds Weigh In On abrdn National Municipal Income Fund

Institutional investors have recently made changes to their positions in the stock. Noble Wealth Management PBC acquired a new stake in shares of abrdn National Municipal Income Fund in the 4th quarter valued at about $1,151,000. Whipplewood Advisors LLC acquired a new stake in abrdn National Municipal Income Fund in the fourth quarter valued at approximately $463,000. Guggenheim Capital LLC increased its holdings in shares of abrdn National Municipal Income Fund by 12.2% during the fourth quarter. Guggenheim Capital LLC now owns 290,785 shares of the company’s stock valued at $2,946,000 after acquiring an additional 31,722 shares in the last quarter. Catalina Capital Group LLC acquired a new position in shares of abrdn National Municipal Income Fund during the fourth quarter worth approximately $268,000. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in abrdn National Municipal Income Fund in the 4th quarter valued at $254,000.

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.