AllianceBernstein National Municipal Income Fund (NYSE:AFB) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.01 and traded as low as $10.30. AllianceBernstein National Municipal Income Fund shares last traded at $10.36, with a volume of 60,004 shares.

AllianceBernstein National Municipal Income Fund Stock Down 0.0 %

The company has a 50 day moving average of $10.70 and a 200-day moving average of $11.01.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, March 28th. The investment management company reported $0.12 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, May 1st will be issued a $0.0396 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.48 annualized dividend and a yield of 4.59%.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pathstone Holdings LLC raised its position in AllianceBernstein National Municipal Income Fund by 5.3% during the fourth quarter. Pathstone Holdings LLC now owns 2,140,173 shares of the investment management company’s stock valued at $23,330,000 after purchasing an additional 107,444 shares in the last quarter. Rivernorth Capital Management LLC lifted its position in shares of AllianceBernstein National Municipal Income Fund by 24.2% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock worth $14,068,000 after buying an additional 232,205 shares during the last quarter. Bulldog Investors LLP boosted its stake in AllianceBernstein National Municipal Income Fund by 143.0% in the fourth quarter. Bulldog Investors LLP now owns 939,906 shares of the investment management company’s stock valued at $10,219,000 after buying an additional 553,162 shares in the last quarter. Keybank National Association OH grew its position in AllianceBernstein National Municipal Income Fund by 3.0% in the first quarter. Keybank National Association OH now owns 910,140 shares of the investment management company’s stock valued at $9,884,000 after acquiring an additional 26,616 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in AllianceBernstein National Municipal Income Fund by 2.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 814,453 shares of the investment management company’s stock worth $8,853,000 after acquiring an additional 23,304 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Company 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.