abrdn National Municipal Income Fund (NYSE:VFL) Stock Price Up 0.9% – Should You Buy?

abrdn National Municipal Income Fund (NYSE:VFL) shares shot up 0.9% during mid-day trading on Thursday . The company traded as high as $10.73 and last traded at $10.73. 19,890 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 31,488 shares. The stock had previously closed at $10.63.

abrdn National Municipal Income Fund Trading Up 0.9 %

The firm’s fifty day moving average is $11.06 and its 200-day moving average is $10.62.

abrdn National Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, October 24th. This represents a $0.60 annualized dividend and a dividend yield of 5.59%.

Hedge Funds Weigh In On abrdn National Municipal Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC boosted its stake in abrdn National Municipal Income Fund by 108.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 13,797 shares of the company’s stock worth $146,000 after purchasing an additional 7,193 shares during the period. Sightline Wealth Advisors LLC bought a new position in abrdn National Municipal Income Fund in the third quarter valued at $370,000. Capital Investment Advisors LLC increased its stake in abrdn National Municipal Income Fund by 7.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 47,604 shares of the company’s stock valued at $532,000 after buying an additional 3,104 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in abrdn National Municipal Income Fund by 36.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 77,370 shares of the company’s stock worth $817,000 after buying an additional 20,860 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of abrdn National Municipal Income Fund by 155.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 158,647 shares of the company’s stock valued at $1,675,000 after acquiring an additional 96,630 shares in the last quarter.

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.