abrdn National Municipal Income Fund (NYSE:VFL) Stock Price Up 0.1% – Time to Buy?

by · The Cerbat Gem

Shares of abrdn National Municipal Income Fund (NYSE:VFL – Get Free Report) were up 0.1% during mid-day trading on Friday . The stock traded as high as $10.41 and last traded at $10.32. 29,736 shares changed hands during trading, a decline of 13% from the average daily volume of 34,027 shares. The stock had previously closed at $10.31.

abrdn National Municipal Income Fund Stock Up 0.1%

The company has a fifty day moving average price of $10.28 and a two-hundred day moving average price of $10.23.

abrdn National Municipal Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued a dividend of $0.024 per share. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Investors Weigh In On abrdn National Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp bought a new position in shares of abrdn National Municipal Income Fund during the 1st quarter valued at about $36,000. Raymond James Financial Inc. acquired a new stake in abrdn National Municipal Income Fund during the second quarter valued at approximately $69,000. Financial Gravity Asset Management Inc. lifted its stake in abrdn National Municipal Income Fund by 70.6% during the fourth quarter. Financial Gravity Asset Management Inc. now owns 8,103 shares of the company’s stock valued at $83,000 after purchasing an additional 3,353 shares during the last quarter. River Street Advisors LLC acquired a new stake in abrdn National Municipal Income Fund during the fourth quarter valued at approximately $122,000. Finally, Traub Capital Management LLC bought a new stake in abrdn National Municipal Income Fund during the fourth quarter worth approximately $125,000.

abrdn National Municipal Income Fund Company Profile

(Get Free Report)

abrdn National Municipal Income Fund (NYSE: VFL) is a diversified, closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a portfolio of municipal securities, including general obligation bonds, revenue bonds and other debt obligations issued by state and local governments across the United States.

The fund’s investment strategy emphasizes a combination of bottom-up credit research and sector allocation to build a tax-exempt portfolio.

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