abrdn National Municipal Income Fund (NYSE:VFL) Trading 0.9% Higher – Should You Buy?

Shares of abrdn National Municipal Income Fund (NYSE:VFL) were up 0.9% on Thursday . The company traded as high as $10.73 and last traded at $10.73. Approximately 19,890 shares were traded during trading, a decline of 37% from the average daily volume of 31,488 shares. The stock had previously closed at $10.63.

abrdn National Municipal Income Fund Stock Performance

The company’s 50 day moving average price is $11.05 and its 200-day moving average price is $10.62.

abrdn National Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 5.66%.

Institutional Trading of abrdn National Municipal Income Fund

Several hedge funds have recently modified their holdings of VFL. Blue Bell Private Wealth Management LLC lifted its stake in shares of abrdn National Municipal Income Fund by 108.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 13,797 shares of the company’s stock valued at $146,000 after buying an additional 7,193 shares in the last quarter. Sightline Wealth Advisors LLC bought a new position in shares of abrdn National Municipal Income Fund in the third quarter valued at approximately $370,000. Capital Investment Advisors LLC boosted its position in shares of abrdn National Municipal Income Fund by 7.0% during the third quarter. Capital Investment Advisors LLC now owns 47,604 shares of the company’s stock valued at $532,000 after buying an additional 3,104 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in abrdn National Municipal Income Fund by 36.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 77,370 shares of the company’s stock worth $817,000 after buying an additional 20,860 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in abrdn National Municipal Income Fund by 155.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 158,647 shares of the company’s stock worth $1,675,000 after acquiring an additional 96,630 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.