abrdn National Municipal Income Fund (NYSE:VFL) to Issue Monthly Dividend of $0.05

abrdn National Municipal Income Fund (NYSE:VFL) declared a monthly dividend on Tuesday, June 9th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.05 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 23rd.

abrdn National Municipal Income Fund Trading Up 0.7%

Shares of VFL opened at $10.21 on Wednesday. The business’s fifty day moving average price is $10.13 and its two-hundred day moving average price is $10.18. abrdn National Municipal Income Fund has a 52 week low of $9.38 and a 52 week high of $10.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of abrdn National Municipal Income Fund in the 2nd quarter worth $69,000. Van ECK Associates Corp boosted its holdings in abrdn National Municipal Income Fund by 6.1% during the third quarter. Van ECK Associates Corp now owns 90,634 shares of the company’s stock worth $930,000 after buying an additional 5,185 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in abrdn National Municipal Income Fund by 24.9% during the third quarter. Pathstone Holdings LLC now owns 224,322 shares of the company’s stock worth $2,302,000 after buying an additional 44,665 shares during the last quarter. Williams Jones Wealth Management LLC. bought a new position in abrdn National Municipal Income Fund during the third quarter worth about $130,000. Finally, NewEdge Advisors LLC bought a new position in abrdn National Municipal Income Fund during the third quarter worth about $202,000.

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.