abrdn National Municipal Income Fund (NYSE:VFL - Get Free Report)'s share price was down 0.3% on Wednesday . The company traded as low as $10.69 and last traded at $10.71. Approximately 15,130 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 32,265 shares. The stock had previously closed at $10.74.
abrdn National Municipal Income Fund Price Performance
The business's 50-day simple moving average is $10.45 and its two-hundred day simple moving average is $10.71.
abrdn National Municipal Income Fund Announces Dividend
The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 5.71%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of VFL. Wolverine Asset Management LLC acquired a new position in shares of abrdn National Municipal Income Fund during the 4th quarter worth about $30,000. HighTower Advisors LLC acquired a new position in shares of abrdn National Municipal Income Fund during the 3rd quarter worth about $120,000. LPL Financial LLC raised its position in shares of abrdn National Municipal Income Fund by 13.1% during the 4th 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 during the 4th quarter worth about $135,000. Finally, Ackerman Capital Advisors LLC acquired a new stake in abrdn National Municipal Income Fund in the 4th quarter valued at about $140,000.
About abrdn National Municipal Income Fund
(
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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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