Shares of abrdn National Municipal Income Fund (NYSE:VFL - Get Free Report) rose 0.5% during trading on Wednesday . The company traded as high as $10.26 and last traded at $10.26. Approximately 41,681 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 33,259 shares. The stock had previously closed at $10.21.
abrdn National Municipal Income Fund Stock Down 3.1 %
The business's 50 day moving average price is $10.42 and its two-hundred day moving average price is $10.58.
abrdn National Municipal Income Fund Announces Dividend
The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.60 dividend on an annualized basis and a yield of 6.06%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC bought a new stake in abrdn National Municipal Income Fund during the 4th quarter worth $30,000. HighTower Advisors LLC bought a new stake in shares of abrdn National Municipal Income Fund during the third quarter worth about $120,000. 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 worth $131,000 after purchasing an additional 1,501 shares during the last quarter. GEN Financial Management INC. acquired a new position in shares of abrdn National Municipal Income Fund in the fourth quarter valued at approximately $135,000. Finally, Ackerman Capital Advisors LLC acquired a new stake in abrdn National Municipal Income Fund during the 4th quarter worth approximately $140,000.
abrdn National Municipal Income Fund Company Profile
(
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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.
Further Reading
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