abrdn National Municipal Income Fund (NYSE:VFL) Trading Down 0.8% – Time to Sell?

abrdn National Municipal Income Fund (NYSE:VFL)’s stock price traded down 0.8% during mid-day trading on Thursday . The company traded as low as $9.87 and last traded at $9.88. 21,080 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 31,966 shares. The stock had previously closed at $9.96.

abrdn National Municipal Income Fund Price Performance

The company has a 50-day moving average price of $10.21 and a 200 day moving average price of $10.21.

abrdn National Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.05 dividend. The ex-dividend date was Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

Institutional Trading of abrdn National Municipal Income Fund

A number of institutional investors have recently modified their holdings of VFL. Rivernorth Capital Management LLC grew its position in shares of abrdn National Municipal Income Fund by 78.5% in the 4th quarter. Rivernorth Capital Management LLC now owns 178,854 shares of the company’s stock worth $1,837,000 after buying an additional 78,673 shares during the last quarter. &PARTNERS purchased a new stake in abrdn National Municipal Income Fund during the fourth quarter valued at approximately $247,000. Financial Gravity Asset Management Inc. lifted its position 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 acquiring an additional 3,353 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its stake in abrdn National Municipal Income Fund by 36.2% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 35,909 shares of the company’s stock valued at $369,000 after acquiring an additional 9,543 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in abrdn National Municipal Income Fund by 14.4% in the fourth quarter. Van ECK Associates Corp now owns 103,644 shares of the company’s stock valued at $1,064,000 after acquiring an additional 13,010 shares in 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.