abrdn National Municipal Income Fund (NYSE:VFL) Declares $0.05 Monthly Dividend

abrdn National Municipal Income Fund (NYSE:VFL) declared a monthly dividend on Monday, January 12th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.05 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, January 23rd.

abrdn National Municipal Income Fund Stock Up 0.4%

NYSE:VFL traded up $0.04 during mid-day trading on Tuesday, hitting $10.29. The stock had a trading volume of 44,871 shares, compared to its average volume of 54,209. abrdn National Municipal Income Fund has a twelve month low of $9.27 and a twelve month high of $10.83. The stock has a 50-day simple moving average of $10.15 and a two-hundred day simple moving average of $9.98.

Hedge Funds Weigh In On abrdn National Municipal Income Fund

Several large investors have recently bought and sold shares of VFL. Financial Gravity Companies Inc. purchased a new position in shares of abrdn National Municipal Income Fund in the 2nd quarter valued at about $46,000. Raymond James Financial Inc. purchased a new stake in abrdn National Municipal Income Fund during the second quarter worth approximately $69,000. Wolverine Asset Management LLC purchased a new position in abrdn National Municipal Income Fund in the second quarter valued at approximately $77,000. Traub Capital Management LLC acquired a new stake in abrdn National Municipal Income Fund during the second quarter worth approximately $121,000. Finally, Williams Jones Wealth Management LLC. purchased a new stake in shares of abrdn National Municipal Income Fund during the 3rd quarter worth approximately $130,000.

About abrdn National Municipal Income Fund

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.