abrdn National Municipal Income Fund (NYSE:VFL - Get Free Report) fell 0.1% during mid-day trading on Monday . The company traded as low as $9.69 and last traded at $9.72. 19,164 shares were traded during mid-day 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 Stock Down 1.0%
The stock has a fifty day moving average of $9.76 and a 200-day moving average of $10.06.
abrdn National Municipal Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 24th will be issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend is Thursday, July 24th.
Hedge Funds Weigh In On abrdn National Municipal Income Fund
A number of hedge funds have recently modified their holdings of VFL. Financial Gravity Asset Management Inc. acquired a new position in shares of abrdn National Municipal Income Fund in the 1st quarter worth $48,000. Landscape Capital Management L.L.C. purchased a new position in shares of abrdn National Municipal Income Fund during the first quarter valued at $109,000. LPL Financial LLC grew its holdings in shares of abrdn National Municipal Income Fund by 13.1% during the fourth quarter. LPL Financial LLC now owns 12,927 shares of the company's stock valued at $131,000 after buying an additional 1,501 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of abrdn National Municipal Income Fund by 33.3% during the fourth quarter. HighTower Advisors LLC now owns 14,325 shares of the company's stock valued at $145,000 after buying an additional 3,580 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of abrdn National Municipal Income Fund during the fourth quarter valued at $145,000.
About abrdn National Municipal Income Fund
(
Get Free Report)
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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