On November 13, 2024, Director Nancy Yao purchased 1,000 shares of Delaware Investments Natl Muni Income (VFL, Financial) at a price of $10.63 per share, as reported in the SEC Filing. Following this transaction, the insider now owns a total of 1,000 shares of the company.
Delaware Investments Natl Muni Income is a fund that primarily invests in municipal bonds. These bonds are issued by local and state governments to finance public projects. The fund aims to provide income that is exempt from federal income tax.
The recent purchase by Director Nancy Yao marks a notable insider buying trend at Delaware Investments Natl Muni Income. Over the past year, there have been three insider buys and zero insider sells. This could indicate a positive outlook on the fund's performance by those closest to the company.
Shares of Delaware Investments Natl Muni Income were trading at $10.63 on the day of the transaction. The company has a market cap of $130.884 million. The price-earnings ratio of the stock is 15.91, which is above the industry median of 11.35.
This insider buying activity could be a signal to investors about the perceived value of the fund, especially when considering the GF Value and other valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow.
Investors and analysts often monitor insider buying as it can provide insights into the insider's view of the stock's future performance. The recent purchases by Director Nancy Yao could suggest confidence in the ongoing and future value of Delaware Investments Natl Muni Income.
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