abrdn National Municipal Income Fund (NYSE:VFL) Stock Price Down 0.4% – Here’s Why

abrdn National Municipal Income Fund (NYSE:VFL)’s stock price fell 0.4% during trading on Thursday . The stock traded as low as $11.28 and last traded at $11.29. 31,123 shares were traded during trading, a decline of 3% from the average session volume of 32,089 shares. The stock had previously closed at $11.33.

abrdn National Municipal Income Fund Trading Down 0.7 %

The firm’s fifty day moving average price is $11.03 and its 200-day moving average price is $10.52.

abrdn National Municipal Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.05 per share. This is a positive change from abrdn National Municipal Income Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.60 annualized dividend and a dividend yield of 5.34%.

Institutional Investors Weigh In On abrdn National Municipal Income Fund

Several hedge funds have recently modified their holdings of the stock. 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. Allspring Global Investments Holdings LLC boosted its position in shares of abrdn National Municipal Income Fund by 155.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 158,647 shares of the company’s stock worth $1,675,000 after buying an additional 96,630 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of abrdn National Municipal Income Fund by 36.9% in the second 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 during the period. Finally, Kingswood Wealth Advisors LLC grew its holdings in shares of abrdn National Municipal Income Fund by 51.2% during the first quarter. Kingswood Wealth Advisors LLC now owns 27,525 shares of the company’s stock valued at $285,000 after buying an additional 9,325 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.