abrdn National Municipal Income Fund
abrdn National Municipal Income Fund (VFL) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · VFL · as of Dec 31, 2021
Ownership Breakdown
30
Institutional Holders
▲ 4 vs Q3
$17.33M
Total Inst. Value
▲ $1.20M vs Q3
12.28M
Shares Outstanding
freeFloat 99.98%
1.23M
13F Shares Held
▲ 82,860 vs Q3
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
VFL largest shareholders · institutional ownership
Q4 2021 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
MACKAY SHIELDS LLC | 256.2K | 1.13% | 1.13% | $3.62B | Feb 4, 2022 | — held |
WAKEFIELD ASSET MANAGEMENT LLLP | 138.6K | 61.11% | 61.11% | $1.96B | Feb 1, 2022 | ▲ 11.5K |
RIVERNORTH CAPITAL MANAGEMENT, LLC | 135.0K | 59.55% | 59.55% | $1.91B | Feb 14, 2022 | — held |
MORGAN STANLEY | 127.1K | 56.07% | 56.07% | $1.79B | Feb 14, 2022 | ▼ 2.8K |
WELLS FARGO & COMPANY/MN | 124.8K | 55.06% | 55.06% | $1.76B | Feb 14, 2022 | ▲ 1.2K |
SABA CAPITAL MANAGEMENT, L.P. | 57.7K | 25.42% | 25.42% | $814.00M | Feb 14, 2022 | NEW |
UBS GROUP AG | 51.2K | 22.59% | 22.59% | $723.00M | Feb 14, 2022 | ▲ 919 |
COASTAL INVESTMENT ADVISORS, INC. | 50.6K | 22.33% | 22.33% | $715.00M | Jan 18, 2022 | — held |
ELEMENT WEALTH, LLC | 34.4K | 15.16% | 15.16% | $485.00M | Feb 3, 2022 | ▲ 144 |
RAYMOND JAMES & ASSOCIATES | 33.6K | 14.80% | 14.80% | $474.00M | Feb 8, 2022 | ▼ 5.8K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q4 2021 vs prior quarter
Q4 2021
7
Increased
+30.6K shares5
New Positions
first time holders6
Decreased
−15.4K shares3
Sold Out
fully exitedNet shares change (top 50)
+15.2K
+30.6K / −15.4K
Net new holders
+3
5 new / 3 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
VFL insider trading · insider activity
Source: SEC Form 4
Insiders have been net buyers of shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
1
Buy transactions
0
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Reit Todd director | Aug 5, 2025 | Purchase | 250 | $9.64 | $2.4K | 1.3K | Form 4 ↗ |
Yao Nancy director | May 12, 2025 | Purchase | 500 | $9.96 | $5.0K | 1.5K | Form 4 ↗ |
Yao Nancy director | Nov 13, 2024 | Purchase | 1,000 | $10.63 | $10.6K | 1.0K | Form 4 ↗ |
Maher Bill director | Aug 14, 2024 | Purchase | 2,000 | $10.99 | $22.0K | 3.0K | Form 4 ↗ |
Maher Bill director | Dec 28, 2023 | Purchase | 1,000 | $10.19 | $10.2K | 1.0K | Form 4 ↗ |
Reit Todd director | Sep 28, 2023 | Purchase | 1,000 | $8.67 | $8.7K | 1.0K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
abrdn National Municipal Income Fund (VFL) is primarily owned by institutional investors, who hold approximately 10.0% of total shares outstanding. Company insiders own approximately 0.02%, while retail and public investors account for the remaining 89.98%.
The largest institutional shareholder of abrdn National Municipal Income Fund is MACKAY SHIELDS LLC, holding approximately 256,199 shares — equal to 1.13% of outstanding shares — as of December 31, 2021.
A total of 30 institutional investors currently hold VFL stock, with a combined institutional value of approximately $17,333,271 as of the most recent 13F filing period.
Frequently asked questions
VFL ownershipabrdn National Municipal Income Fund (VFL) is primarily owned by institutional investors, who hold approximately 10.0% of shares. The largest shareholder is MACKAY SHIELDS LLC with a 1.13% stake. Company insiders hold 0.02%. Data sourced from SEC Form 13F as of December 31, 2021.