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

abrdn National Municipal Income Fund (NYSE:VFL) declared a monthly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be paid a dividend of 0.045 per share on Tuesday, April 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend is Monday, April 22nd. This is a positive change from abrdn National Municipal Income Fund’s previous monthly dividend of $0.04.

abrdn National Municipal Income Fund Stock Performance

Shares of NYSE:VFL opened at $9.92 on Friday. The firm has a fifty day moving average price of $10.22 and a 200 day moving average price of $9.71. abrdn National Municipal Income Fund has a fifty-two week low of $7.93 and a fifty-two week high of $10.48.

Hedge Funds Weigh In On abrdn National Municipal Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors bought a new position in abrdn National Municipal Income Fund during the second quarter valued at $358,000. Bank of America Corp DE lifted its position in abrdn National Municipal Income Fund by 191.1% during the first quarter. Bank of America Corp DE now owns 25,104 shares of the company’s stock valued at $317,000 after purchasing an additional 16,480 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in abrdn National Municipal Income Fund by 76.6% during the first quarter. Advisor Group Holdings Inc. now owns 17,027 shares of the company’s stock valued at $215,000 after purchasing an additional 7,388 shares during the last quarter. Citadel Advisors LLC bought a new position in abrdn National Municipal Income Fund during the second quarter valued at $178,000. Finally, Susquehanna International Group LLP lifted its position in abrdn National Municipal Income Fund by 15.5% during the first quarter. Susquehanna International Group LLP now owns 14,537 shares of the company’s stock valued at $155,000 after purchasing an additional 1,956 shares during the last quarter.

About abrdn National Municipal Income Fund

abrdn National Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by abrdn Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal obligations, the income from which is exempt from federal income taxes.