Delaware Investments National Municipal Income Fund (NYSE:VFL) Shares Down 1.2%

Delaware Investments National Municipal Income Fund (NYSE:VFLGet Rating) shares dropped 1.2% on Thursday . The stock traded as low as $10.94 and last traded at $11.05. Approximately 51,706 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 44,102 shares. The stock had previously closed at $11.18.

Delaware Investments National Municipal Income Fund Price Performance

The firm has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $11.92.

Delaware Investments National Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 23rd will be paid a $0.045 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.89%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VFL. Saba Capital Management L.P. raised its stake in shares of Delaware Investments National Municipal Income Fund by 4,259.0% in the first quarter. Saba Capital Management L.P. now owns 2,513,157 shares of the company’s stock valued at $31,791,000 after purchasing an additional 2,455,503 shares in the last quarter. Mackay Shields LLC raised its stake in shares of Delaware Investments National Municipal Income Fund by 218.9% in the first quarter. Mackay Shields LLC now owns 817,042 shares of the company’s stock valued at $10,336,000 after purchasing an additional 560,843 shares in the last quarter. Sit Investment Associates Inc. raised its stake in shares of Delaware Investments National Municipal Income Fund by 171.9% in the second quarter. Sit Investment Associates Inc. now owns 439,240 shares of the company’s stock valued at $4,968,000 after purchasing an additional 277,686 shares in the last quarter. Karpus Management Inc. acquired a new position in shares of Delaware Investments National Municipal Income Fund in the second quarter valued at $2,158,000. Finally, Rivernorth Capital Management LLC raised its stake in Delaware Investments National Municipal Income Fund by 106.4% during the first quarter. Rivernorth Capital Management LLC now owns 278,684 shares of the company’s stock worth $3,525,000 after acquiring an additional 143,647 shares in the last quarter.

About Delaware Investments National Municipal Income Fund

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Delaware Investments National Municipal Income Fund is a closed-ended fixed income mutual fund launched by Delaware Management Holdings, Inc The fund is managed by Delaware Management Business Trust. 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.

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