abrdn National Municipal Income Fund (NYSE:VFL - Get Free Report)'s share price dropped 1% during mid-day trading on Thursday . The company traded as low as $9.69 and last traded at $9.72. Approximately 25,435 shares changed hands during trading, a decline of 27% from the average daily volume of 34,648 shares. The stock had previously closed at $9.82.
abrdn National Municipal Income Fund Price Performance
The company's 50-day simple moving average is $9.84 and its 200 day simple moving average is $10.26.
abrdn National Municipal Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 6.18%.
Institutional Investors Weigh In On abrdn National Municipal Income Fund
Hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC increased its stake in shares of abrdn National Municipal Income Fund by 12.2% during the fourth quarter. Guggenheim Capital LLC now owns 290,785 shares of the company's stock worth $2,946,000 after buying an additional 31,722 shares during the period. Noble Wealth Management PBC purchased a new stake in shares of abrdn National Municipal Income Fund in the 4th quarter valued at approximately $1,151,000. Riverbridge Partners LLC raised its holdings in shares of abrdn National Municipal Income Fund by 273.5% in the 1st quarter. Riverbridge Partners LLC now owns 113,357 shares of the company's stock valued at $1,149,000 after purchasing an additional 83,011 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of abrdn National Municipal Income Fund by 5.5% during the 4th quarter. Van ECK Associates Corp now owns 104,146 shares of the company's stock worth $1,055,000 after purchasing an additional 5,405 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew 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 in the last quarter.
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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