ABRDN NATL MUN INCOME FD
SH BEN INT · CUSIP 24610T108
44
institutional holders
+7 vs Q4 2022
1.6m
shares reported held*
$16.7mreported value*
9 new
11 added
7 reduced
3 sold out
net bought ≈ $2.4m (+214.0k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.67.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 57 |
| Q4 2022 | 37 |
| Q1 2023 | 44 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 9 | 44 |
| Q1 2023 | 20 | 10 |
Biggest buyers
| GUGGENHEIM CAPITAL LLC | New | +128.3k |
| VAN ECK ASSOCIATES CORP | Added | +31.6k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +24.9k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Added | +22.9k |
| MORGAN STANLEY | Added | +16.4k |
| RAYMOND JAMES & ASSOCIATES | New | +14.7k |
| MELFA WEALTH MANAGEMENT, INC. | Added | +10.3k |
| AQR Arbitrage LLC | New | +10.2k |
| JONES FINANCIAL COMPANIES LLLP | New | +3.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +2.0k |
Biggest sellers
| AVANTAX ADVISORY SERVICES, INC. | Sold out | -20.7k |
| Wealthspire Retirement, LLC | Reduced | -11.6k |
| Private Advisor Group, LLC | Sold out | -10.1k |
| WELLS FARGO & COMPANY/MN | Reduced | -7.5k |
| BANK OF AMERICA CORP /DE/ | Sold out | -3.1k |
| Berger Financial Group, Inc | Reduced | -1.9k |
| OSAIC HOLDINGS, INC. | Reduced | -1.7k |
| Tradition Wealth Management, LLC | Reduced | -1.3k |
| UBS Group AG | Reduced | -218 |
| ROYAL BANK OF CANADA | Reduced | -141 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: Toronto Dominion Investments, Inc. (0.0%, 2026-06-18), FIRST TRUST PORTFOLIOS LP (4.2%, 2026-04-30)
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| MacKay Shields LLC 0.12% of their portfolio | 423.1k $4.5m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 157.6k $1.7m | Reduced -7.5k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 128.3k $1.4m | New |
| MORGAN STANLEY 0.00% of their portfolio | 120.1k $1.3m | Added +16.4k |
| Realta Investment Advisors 0.25% of their portfolio | 95.2k $1.0m | Unchanged |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 79.9k $853.0k | Added +31.6k |
| UBS Group AG 0.00% of their portfolio | 46.5k $496.7k | Reduced -218 |
| Berger Financial Group, Inc 0.06% of their portfolio | 46.0k $490.8k | Reduced -1.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 43.5k $465.0k | Reduced -141 |
| Sightline Wealth Advisors, LLC 0.43% of their portfolio | 39.3k $419.4k | Added +240 |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 38.7k $413.1k | Added +24.9k |
| Element Wealth, LLC 0.28% of their portfolio | 34.8k $370.8k | Unchanged |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 32.6k $348.0k | Unchanged |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.14% of their portfolio | 27.9k $291.1k | Added +22.9k |
| MELFA WEALTH MANAGEMENT, INC. 0.27% of their portfolio | 25.2k $268.8k | Added +10.3k |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.10% of their portfolio | 24.8k $264.5k | Unchanged |
| WEDBUSH SECURITIES INC 0.01% of their portfolio | 24.6k $263.0k | Added +1.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 22.2k $236.0k | Added +779 |
| GILL CAPITAL PARTNERS, LLC 0.09% of their portfolio | 19.2k $204.7k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 16.7k $178.2k | Added +1.7k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 14.7k $156.6k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 14.5k $155.1k | Added +2.0k |
| Wealthspire Retirement, LLC 0.03% of their portfolio | 13.3k $141.8k | Reduced -11.6k |
| HighMark Wealth Management LLC 0.11% of their portfolio | 12.9k $137.4k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 12.5k $133.0k | Reduced -1.7k |
| Snowden Capital Advisors LLC 0.00% of their portfolio | 10.5k $112.5k | Unchanged |
| Basepoint Wealth LLC 0.09% of their portfolio | 10.2k $109.2k | Added +32 |
| AQR Arbitrage LLC 0.00% of their portfolio | 10.2k $108.9k | New |
| CWM, LLC 0.00% of their portfolio | 7.5k $80.0k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 3.3k $35.3k | New |
| Stonebridge Capital Advisors LLC 0.00% of their portfolio | 2.5k $26.6k | Unchanged |
| Advisory Services Network, LLC 0.00% of their portfolio | 1.7k $18.6k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4k $15.0k | New |
| Tradition Wealth Management, LLC 0.00% of their portfolio | 1.2k $13.0k | Reduced -1.3k |
| TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio | 1.2k $12.6k | Unchanged |
| GPS Wealth Strategies Group, LLC 0.00% of their portfolio | 1.1k $11.8k | New |
| Financial Perspectives, Inc 0.01% of their portfolio | 1.0k $10.8k | Unchanged |
| TCI Wealth Advisors, Inc. 0.00% of their portfolio | 627 $6.7k | New |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 434 $4.6k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 298 $3.2k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 240 $2.5k | Not comparable |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 81 $1.0k | Unchanged |
| FMR LLC 0.00% of their portfolio | 2 $22 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |