Nancy Yao, a director at abrdn National Municipal Income Fund (NYSE:VFL), recently acquired 1,000 shares of the company's common stock. The purchase, executed on November 13, 2024, was priced at $10.63 per share, amounting to a total transaction value of $10,630.
Following this transaction, Yao's total holdings in the fund stand at 1,000 shares. The acquisition was made directly by Yao, as indicated in the Form 4 filing with the Securities and Exchange Commission.
InvestingPro Insights
Nancy Yao's recent purchase of abrdn National Municipal Income Fund (NYSE:VFL) shares aligns with several interesting characteristics of the stock. According to InvestingPro data, VFL currently offers a substantial dividend yield of 5.61%, with the last dividend ex-date on October 24, 2024. This high yield is particularly noteworthy given that VFL has maintained dividend payments for an impressive 32 consecutive years, as highlighted by one of the InvestingPro Tips.
The fund's stock has shown resilience over the past year, with a 24.73% price total return. However, more recent performance has been mixed, with a slight 0.05% gain over the past week but a 2.59% decline over the last month. This pattern aligns with another InvestingPro Tip, which notes that the stock generally trades with low price volatility.
For investors considering VFL, it's worth noting that InvestingPro offers additional insights, with 4 more tips available for this stock. These could provide valuable context for understanding the fund's performance and potential future trajectory.
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