abrdn National Municipal Income Fund (NYSE:VFL) Trading Down 0.2% - Here's Why

abrdn National Municipal Income Fund (NYSE:VFL - Get Free Report)'s share price fell 0.2% on Friday . The company traded as low as $9.69 and last traded at $9.72. 37,447 shares traded hands during trading, an increase of 7% from the average session volume of 34,938 shares. The stock had previously closed at $9.74.

abrdn National Municipal Income Fund Trading Up 0.4%

The business has a fifty day simple moving average of $9.75 and a two-hundred day simple moving average of $10.16.

abrdn National Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 6.16%.

Institutional Trading of abrdn National Municipal Income Fund

A number of hedge funds have recently bought and sold shares of VFL. Wealth Enhancement Advisory Services LLC increased its position in shares of abrdn National Municipal Income Fund by 1.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 69,700 shares of the company's stock worth $707,000 after purchasing an additional 1,165 shares in the last quarter. LPL Financial LLC increased its position in shares of abrdn National Municipal Income Fund by 13.1% in the 4th quarter. LPL Financial LLC now owns 12,927 shares of the company's stock valued at $131,000 after acquiring an additional 1,501 shares during the period. Blue Bell Private Wealth Management LLC increased its position in shares of abrdn National Municipal Income Fund by 6.8% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 41,368 shares of the company's stock valued at $419,000 after acquiring an additional 2,635 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of abrdn National Municipal Income Fund in the 4th quarter valued at $30,000. Finally, HighTower Advisors LLC increased its position in shares of abrdn National Municipal Income Fund by 33.3% in the 4th quarter. HighTower Advisors LLC now owns 14,325 shares of the company's stock valued at $145,000 after acquiring an additional 3,580 shares during the period.

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.