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

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

abrdn National Municipal Income Fund Stock Up 0.4%

Shares of VFL stock traded up $0.04 on Tuesday, hitting $10.29. 44,871 shares of the stock traded hands, compared to its average volume of 54,209. abrdn National Municipal Income Fund has a 52 week low of $9.27 and a 52 week high of $10.83. The firm has a 50 day simple moving average of $10.15 and a two-hundred day simple moving average of $9.98.

Institutional Trading of abrdn National Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in shares of abrdn National Municipal Income Fund by 122.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 353,273 shares of the company’s stock valued at $3,625,000 after buying an additional 194,626 shares during the period. Guggenheim Capital LLC increased its holdings in abrdn National Municipal Income Fund by 37.3% in the 2nd quarter. Guggenheim Capital LLC now owns 242,126 shares of the company’s stock worth $2,339,000 after buying an additional 65,835 shares during the period. Pathstone Holdings LLC raised its holdings in abrdn National Municipal Income Fund by 24.9% in the 3rd quarter. Pathstone Holdings LLC now owns 224,322 shares of the company’s stock worth $2,302,000 after purchasing an additional 44,665 shares during the period. Riverbridge Partners LLC increased its stake in abrdn National Municipal Income Fund by 44.3% during the 4th quarter. Riverbridge Partners LLC now owns 175,152 shares of the company’s stock worth $1,799,000 after buying an additional 53,785 shares in the last quarter. Finally, Realta Investment Advisors boosted its stake in abrdn National Municipal Income Fund by 58.5% during the second quarter. Realta Investment Advisors now owns 95,192 shares of the company’s stock worth $920,000 after buying an additional 35,119 shares during the last quarter.

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.