Stock market today: Stocks fall as investors rotate out of tech into Jackson Hole
In a challenging economic climate, Delaware Investments National Municipal Income Fund, known by its ticker VFL, has seen its stock price touch a 52-week low, dipping to $9.84. According to InvestingPro data, the fund maintains a solid 6.06% dividend yield and has consistently paid dividends for 33 consecutive years. This latest price point reflects a broader trend for the fund, which has shown resilience with a year-to-date decline of just -0.86% and maintains a conservative beta of 0.65. Investors are closely monitoring VFL as it navigates through the volatile municipal bond market, with many keeping an eye on potential rebounds or further adjustments in the stock's trajectory. InvestingPro analysis reveals the fund's strong financial health with a current ratio of 1.61, indicating robust liquidity management. The fund's performance, mirroring the complexities of the current financial environment, has become a focal point for those invested in municipal bond strategies. Discover more insights and detailed analysis with InvestingPro, which offers additional ProTips and comprehensive financial metrics for informed investment decisions.
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