abrdn National Municipal Income Fund (NYSE:VFL) Trading Up 0% – Here’s What Happened

Shares of abrdn National Municipal Income Fund (NYSE:VFL) were up 0% on Tuesday . The stock traded as high as $10.24 and last traded at $10.2110. Approximately 22,056 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 33,225 shares. The stock had previously closed at $10.21.

abrdn National Municipal Income Fund Trading Up 0.0%

The company has a 50 day moving average price of $10.09 and a 200 day moving average price of $10.18.

abrdn National Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.05 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Thursday, May 21st.

Institutional Investors Weigh In On abrdn National Municipal Income Fund

Several large investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC raised its stake in shares of abrdn National Municipal Income Fund by 20.8% during the first quarter. Rivernorth Capital Management LLC now owns 215,995 shares of the company’s stock worth $2,151,000 after purchasing an additional 37,141 shares during the last quarter. Royal Bank of Canada raised its stake in shares of abrdn National Municipal Income Fund by 13.2% during the first quarter. Royal Bank of Canada now owns 38,695 shares of the company’s stock worth $385,000 after purchasing an additional 4,526 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of abrdn National Municipal Income Fund during the first quarter worth approximately $235,000. Fifth Third Bancorp purchased a new stake in shares of abrdn National Municipal Income Fund during the first quarter worth approximately $36,000. Finally, Riverbridge Partners LLC raised its stake in shares of abrdn National Municipal Income Fund by 10.8% during the first quarter. Riverbridge Partners LLC now owns 194,085 shares of the company’s stock worth $1,933,000 after purchasing an additional 18,933 shares during the last quarter.

abrdn National Municipal Income Fund Company Profile

abrdn National Municipal Income Fund (NYSE: VFL) is a diversified, closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a portfolio of municipal securities, including general obligation bonds, revenue bonds and other debt obligations issued by state and local governments across the United States.

The fund’s investment strategy emphasizes a combination of bottom-up credit research and sector allocation to build a tax-exempt portfolio.