abrdn National Municipal Income Fund (NYSE:VFL) Trading 0.2% Higher

abrdn National Municipal Income Fund (NYSE:VFL)’s stock price rose 0.2% during mid-day trading on Monday . The company traded as high as $9.94 and last traded at $9.93. Approximately 29,624 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 35,308 shares. The stock had previously closed at $9.91.

abrdn National Municipal Income Fund Stock Performance

The business has a 50 day moving average of $10.17 and a two-hundred day moving average of $9.79.

abrdn National Municipal Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a dividend yield of 5.44%. This is a positive change from abrdn National Municipal Income Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, April 22nd.

Institutional Investors Weigh In On abrdn National Municipal Income Fund

Institutional investors have recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of abrdn National Municipal Income Fund during the 4th quarter valued at $57,000. Blue Bell Private Wealth Management LLC raised its stake in abrdn National Municipal Income Fund by 1,034.7% in the first quarter. Blue Bell Private Wealth Management LLC now owns 6,604 shares of the company’s stock valued at $68,000 after buying an additional 6,022 shares during the last quarter. Raymond James & Associates acquired a new stake in abrdn National Municipal Income Fund in the third quarter worth about $86,000. OneAscent Financial Services LLC purchased a new stake in shares of abrdn National Municipal Income Fund during the fourth quarter worth about $156,000. Finally, Landscape Capital Management L.L.C. increased its holdings in shares of abrdn National Municipal Income Fund by 21.7% during the third quarter. Landscape Capital Management L.L.C. now owns 17,640 shares of the company’s stock valued at $152,000 after acquiring an additional 3,148 shares in the last quarter.

abrdn National Municipal Income Fund Company Profile

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.