Mariner Investment Group LLC Acquires New Shares in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Mariner Investment Group LLC bought a new position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFBGet Rating) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,147 shares of the investment management company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC boosted its stake in AllianceBernstein National Municipal Income Fund by 8.0% in the 2nd quarter. Park Avenue Securities LLC now owns 12,340 shares of the investment management company’s stock worth $143,000 after purchasing an additional 914 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in AllianceBernstein National Municipal Income Fund by 32.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,761 shares of the investment management company’s stock worth $44,000 after purchasing an additional 922 shares during the period. Arete Wealth Advisors LLC boosted its stake in AllianceBernstein National Municipal Income Fund by 4.0% in the 1st quarter. Arete Wealth Advisors LLC now owns 72,560 shares of the investment management company’s stock worth $914,000 after purchasing an additional 2,760 shares during the period. Wakefield Asset Management LLLP boosted its stake in AllianceBernstein National Municipal Income Fund by 2.0% in the 2nd quarter. Wakefield Asset Management LLLP now owns 150,042 shares of the investment management company’s stock worth $1,736,000 after purchasing an additional 2,986 shares during the period. Finally, Herold Advisors Inc. acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the 1st quarter worth about $38,000.

AllianceBernstein National Municipal Income Fund Trading Down 0.2 %

Shares of AllianceBernstein National Municipal Income Fund stock traded down $0.02 during trading hours on Thursday, reaching $10.87. 1,377 shares of the company’s stock were exchanged, compared to its average volume of 82,805. The company has a 50 day moving average of $10.39 and a two-hundred day moving average of $11.17. AllianceBernstein National Municipal Income Fund, Inc. has a fifty-two week low of $9.97 and a fifty-two week high of $15.08.

AllianceBernstein National Municipal Income Fund (NYSE:AFBGet Rating) last issued its earnings results on Friday, September 30th. The investment management company reported $0.13 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be issued a $0.0327 dividend. The ex-dividend date is Thursday, December 1st. This represents a $0.39 annualized dividend and a yield of 3.61%.

AllianceBernstein National Municipal Income Fund Profile

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AllianceBernstein National Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax.

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Institutional Ownership by Quarter for AllianceBernstein National Municipal Income Fund (NYSE:AFB)

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