abrdn National Municipal Income Fund (NYSE:VFL) Trading Up 0% – Here’s What Happened

abrdn National Municipal Income Fund (NYSE:VFL)’s stock price shot up 0% during mid-day trading on Tuesday . The stock traded as high as $10.24 and last traded at $10.2110. 22,056 shares were traded during mid-day trading, a decline of 34% from the average session volume of 33,225 shares. The stock had previously closed at $10.21.

abrdn National Municipal Income Fund Price Performance

The company has a 50-day simple moving average of $10.09 and a 200-day simple moving average of $10.18.

abrdn National Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a $0.05 dividend. The ex-dividend date was Thursday, May 21st. This represents a c) annualized dividend and a yield of 5.9%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VFL. Fifth Third Bancorp purchased a new position in abrdn National Municipal Income Fund in the first quarter worth $36,000. Raymond James Financial Inc. purchased a new position in shares of abrdn National Municipal Income Fund in the second quarter valued at $69,000. Financial Gravity Asset Management Inc. increased its position in shares of abrdn National Municipal Income Fund by 70.6% in the fourth quarter. Financial Gravity Asset Management Inc. now owns 8,103 shares of the company’s stock valued at $83,000 after buying an additional 3,353 shares in the last quarter. River Street Advisors LLC purchased a new position in shares of abrdn National Municipal Income Fund in the fourth quarter valued at $122,000. Finally, Traub Capital Management LLC purchased a new position in shares of abrdn National Municipal Income Fund in the fourth quarter valued at $125,000.

abrdn National Municipal Income Fund Company Profile

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.