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

abrdn National Municipal Income Fund (NYSE:VFL - Get Free Report) shares fell 0.1% during mid-day trading on Monday . The stock traded as low as $9.69 and last traded at $9.72. 19,164 shares traded hands during trading, a decline of 46% from the average session volume of 35,493 shares. The stock had previously closed at $9.73.

abrdn National Municipal Income Fund Trading Down 0.3%

The company's fifty day moving average price is $9.77 and its 200-day moving average price is $10.06.

abrdn National Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.60 annualized dividend and a dividend yield of 6.20%.

Hedge Funds Weigh In On abrdn National Municipal Income Fund

Several hedge funds have recently modified their holdings of VFL. Guggenheim Capital LLC boosted its position in abrdn National Municipal Income Fund by 12.2% in the fourth quarter. Guggenheim Capital LLC now owns 290,785 shares of the company's stock valued at $2,946,000 after buying an additional 31,722 shares during the last quarter. Riverbridge Partners LLC boosted its position in abrdn National Municipal Income Fund by 273.5% in the first quarter. Riverbridge Partners LLC now owns 113,357 shares of the company's stock valued at $1,149,000 after buying an additional 83,011 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 1st quarter. Wealth Enhancement Advisory Services LLC now owns 69,700 shares of the company's stock valued at $707,000 after buying an additional 1,165 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of abrdn National Municipal Income Fund by 6.8% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 41,368 shares of the company's stock valued at $419,000 after buying an additional 2,635 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. raised its stake in shares of abrdn National Municipal Income Fund by 24.7% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 31,321 shares of the company's stock valued at $318,000 after buying an additional 6,206 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.