Riverbridge Partners LLC Has $656,000 Holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Riverbridge Partners LLC grew its position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 185.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,384 shares of the investment management company’s stock after purchasing an additional 39,236 shares during the quarter. Riverbridge Partners LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AFB. Private Advisor Group LLC bought a new position in AllianceBernstein National Municipal Income Fund during the third quarter worth $139,000. Sanctuary Advisors LLC acquired a new stake in AllianceBernstein National Municipal Income Fund during the 3rd quarter worth about $181,000. Wolverine Asset Management LLC raised its position in shares of AllianceBernstein National Municipal Income Fund by 39.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 26,782 shares of the investment management company’s stock worth $316,000 after acquiring an additional 7,600 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 4.3% in the 3rd quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock valued at $422,000 after purchasing an additional 1,460 shares during the period. Finally, Dakota Wealth Management lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 4.4% in the 4th quarter. Dakota Wealth Management now owns 43,066 shares of the investment management company’s stock valued at $468,000 after purchasing an additional 1,800 shares during the period.

AllianceBernstein National Municipal Income Fund Stock Down 0.6 %

NYSE AFB opened at $10.99 on Friday. The business has a 50 day simple moving average of $11.10 and a 200 day simple moving average of $11.32. AllianceBernstein National Municipal Income Fund, Inc. has a one year low of $10.33 and a one year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings data on Monday, December 30th. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.0396 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.33%.

AllianceBernstein National Municipal Income Fund Profile

AllianceBernstein National Municipal Income Fund, Inc 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.