abrdn National Municipal Income Fund (NYSE:VFL) Trading Down 0.1% – Should You Sell?

abrdn National Municipal Income Fund (NYSE:VFL) shares were down 0.1% during mid-day trading on Wednesday . The stock traded as low as $10.26 and last traded at $10.30. Approximately 24,094 shares were traded during trading, a decline of 20% from the average daily volume of 30,012 shares. The stock had previously closed at $10.31.

abrdn National Municipal Income Fund Trading Down 0.6%

The business has a 50-day moving average price of $10.32 and a 200 day moving average price of $10.18.

abrdn National Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.05 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Friday, February 20th.

Institutional Trading of abrdn National Municipal Income Fund

Several hedge funds have recently made changes to their positions in VFL. Allspring Global Investments Holdings LLC grew its position in abrdn National Municipal Income Fund by 122.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 353,273 shares of the company’s stock worth $3,625,000 after acquiring an additional 194,626 shares in the last quarter. Guggenheim Capital LLC raised its position in abrdn National Municipal Income Fund by 37.3% during the second quarter. Guggenheim Capital LLC now owns 242,126 shares of the company’s stock valued at $2,339,000 after purchasing an additional 65,835 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of abrdn National Municipal Income Fund by 104.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 241,251 shares of the company’s stock valued at $2,478,000 after purchasing an additional 123,244 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of abrdn National Municipal Income Fund by 24.9% in the 3rd quarter. Pathstone Holdings LLC now owns 224,322 shares of the company’s stock valued at $2,302,000 after purchasing an additional 44,665 shares during the last quarter. Finally, Rivernorth Capital Management LLC boosted its holdings in shares of abrdn National Municipal Income Fund by 78.5% in the 4th quarter. Rivernorth Capital Management LLC now owns 178,854 shares of the company’s stock worth $1,837,000 after purchasing an additional 78,673 shares during the period.

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.