abrdn National Municipal Income Fund (NYSE:VFL) Trading 1.4% Higher

abrdn National Municipal Income Fund (NYSE:VFL)’s stock price traded up 1.4% during mid-day trading on Thursday . The stock traded as high as $10.70 and last traded at $10.70. 44,437 shares changed hands during trading, an increase of 36% from the average session volume of 32,757 shares. The stock had previously closed at $10.55.

abrdn National Municipal Income Fund Stock Performance

The company has a 50-day moving average of $10.42 and a 200-day moving average of $10.26.

abrdn National Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th were paid a $0.045 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.00%.

Hedge Funds Weigh In On abrdn National Municipal Income Fund

A number of hedge funds have recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in abrdn National Municipal Income Fund during the fourth quarter worth approximately $57,000. Blue Bell Private Wealth Management LLC lifted its position in shares of abrdn National Municipal Income Fund by 1,034.7% in the first quarter. Blue Bell Private Wealth Management LLC now owns 6,604 shares of the company’s stock valued at $68,000 after acquiring an additional 6,022 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in shares of abrdn National Municipal Income Fund by 54.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 24,730 shares of the company’s stock valued at $252,000 after acquiring an additional 8,718 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in shares of abrdn National Municipal Income Fund by 51.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 27,525 shares of the company’s stock valued at $285,000 after acquiring an additional 9,325 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of abrdn National Municipal Income Fund by 14.9% in the fourth quarter. Van ECK Associates Corp now owns 94,482 shares of the company’s stock valued at $965,000 after acquiring an additional 12,250 shares in 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.