abrdn National Municipal Income Fund (NYSE:VFL) Shares Down 0.4% - What's Next?

Key Points

• The abrdn National Municipal Income Fund (NYSE:VFL) experienced a 0.4% decline in share price, trading at $10.26, with trading volume significantly down by 67% compared to the average.
• The fund declared a monthly dividend of $0.05, resulting in an annualized yield of 5.9%, paid to shareholders of record.
• Institutional investors have shown increased interest in the fund, with notable stake increases from firms like Guggenheim Capital LLC and Realta Investment Advisors during the second quarter.

abrdn National Municipal Income Fund (NYSE:VFL - ) fell 0.4% on Thursday . The company traded as low as $10.26 and last traded at $10.26. 12,651 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 38,094 shares. The stock had previously closed at $10.30.

abrdn National Municipal Income Fund Stock Down 0.4%

The stock has a 50 day simple moving average of $9.83 and a two-hundred day simple moving average of $9.80.

abrdn National Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were paid a $0.05 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Institutional Investors Weigh In On abrdn National Municipal Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its stake in abrdn National Municipal Income Fund by 37.3% in the second quarter. Guggenheim Capital LLC now owns 242,126 shares of the company's stock valued at $2,339,000 after buying an additional 65,835 shares during the last quarter. Riverbridge Partners LLC raised its stake in shares of abrdn National Municipal Income Fund by 4.0% during the second quarter. Riverbridge Partners LLC now owns 117,947 shares of the company's stock worth $1,139,000 after purchasing an additional 4,590 shares during the last quarter. Realta Investment Advisors raised its stake in shares of abrdn National Municipal Income Fund by 58.5% during the second quarter. Realta Investment Advisors now owns 95,192 shares of the company's stock worth $920,000 after purchasing an additional 35,119 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake 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 during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of abrdn National Municipal Income Fund by 6.8% during the first quarter. Blue Bell Private Wealth Management LLC now owns 41,368 shares of the company's stock worth $419,000 after purchasing an additional 2,635 shares during 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.

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