abrdn National Municipal Income Fund (NYSE:VFL) Trading Up 1% – What’s Next?

abrdn National Municipal Income Fund (NYSE:VFL) shares rose 1% on Wednesday . The stock traded as high as $10.15 and last traded at $10.10. Approximately 56,878 shares traded hands during mid-day trading, an increase of 50% from the average daily volume of 37,990 shares. The stock had previously closed at $10.00.

abrdn National Municipal Income Fund Stock Performance

The business’s 50 day moving average price is $10.19 and its 200-day moving average price is $9.89.

abrdn National Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were paid a $0.05 dividend. The ex-dividend date was Friday, November 21st. This represents a c) annualized dividend and a yield of 5.9%.

Institutional Investors Weigh In On abrdn National Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in VFL. Melfa Wealth Management Inc. raised its stake in abrdn National Municipal Income Fund by 9.1% during the third quarter. Melfa Wealth Management Inc. now owns 30,065 shares of the company’s stock worth $308,000 after acquiring an additional 2,500 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in abrdn National Municipal Income Fund by 2.9% during the 3rd quarter. Riverbridge Partners LLC now owns 121,367 shares of the company’s stock worth $1,245,000 after buying an additional 3,420 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in abrdn National Municipal Income Fund by 9.5% in the third quarter. Blue Bell Private Wealth Management LLC now owns 51,010 shares of the company’s stock valued at $523,000 after acquiring an additional 4,408 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in abrdn National Municipal Income Fund during the second quarter worth $46,000. Finally, Van ECK Associates Corp lifted its stake in shares of abrdn National Municipal Income Fund by 6.1% in the 3rd quarter. Van ECK Associates Corp now owns 90,634 shares of the company’s stock valued at $930,000 after purchasing an additional 5,185 shares during the period.

About abrdn National Municipal Income Fund

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.