abrdn National Municipal Income Fund (NYSE:VFL) Trading Down 0.3% – What’s Next?

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

abrdn National Municipal Income Fund Trading Down 0.3 %

The firm’s 50-day moving average is $10.43 and its 200 day moving average is $10.72.

abrdn National Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 5.60%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Guggenheim Capital LLC increased its stake in shares of abrdn National Municipal Income Fund by 12.2% in the fourth quarter. Guggenheim Capital LLC now owns 290,785 shares of the company’s stock valued at $2,946,000 after buying an additional 31,722 shares during the period. Noble Wealth Management PBC bought a new stake in abrdn National Municipal Income Fund in the fourth quarter valued at approximately $1,151,000. Van ECK Associates Corp increased its position in abrdn National Municipal Income Fund by 5.5% during the 4th quarter. Van ECK Associates Corp now owns 104,146 shares of the company’s stock valued at $1,055,000 after purchasing an additional 5,405 shares during the period. Whipplewood Advisors LLC bought a new position in abrdn National Municipal Income Fund during the 4th quarter worth approximately $463,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of abrdn National Municipal Income Fund by 36.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 38,733 shares of the company’s stock worth $392,000 after purchasing an additional 10,252 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.