AllianceBernstein National Municipal Income Fund, Inc. $AFB Shares Sold by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. trimmed its position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 453,640 shares of the investment management company’s stock after selling 116,062 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in AllianceBernstein National Municipal Income Fund were worth $4,677,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ackerman Capital Advisors LLC boosted its holdings in AllianceBernstein National Municipal Income Fund by 35.7% in the 1st quarter. Ackerman Capital Advisors LLC now owns 14,003 shares of the investment management company’s stock valued at $152,000 after purchasing an additional 3,686 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 22.3% in the 1st quarter. Royal Bank of Canada now owns 241,426 shares of the investment management company’s stock valued at $2,622,000 after buying an additional 43,982 shares during the period. Smith Asset Management Co. LLC purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the first quarter valued at approximately $198,000. Geneos Wealth Management Inc. boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 328.5% in the first quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after buying an additional 5,608 shares in the last quarter. Finally, Riverbridge Partners LLC grew its holdings in AllianceBernstein National Municipal Income Fund by 4.3% during the second quarter. Riverbridge Partners LLC now owns 69,014 shares of the investment management company’s stock worth $712,000 after acquiring an additional 2,872 shares during the period.

AllianceBernstein National Municipal Income Fund Trading Down 0.6%

NYSE:AFB opened at $10.93 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a 1 year low of $9.78 and a 1 year high of $11.58. The stock has a fifty day moving average price of $10.88 and a two-hundred day moving average price of $10.48.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings results on Friday, September 26th. The investment management company reported $0.14 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be given a dividend of $0.0502 per share. The ex-dividend date is Thursday, November 6th. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 5.5%.

Insiders Place Their Bets

In related news, Director Garry L. Moody bought 13,500 shares of the company’s stock in a transaction on Friday, October 31st. The stock was bought at an average cost of $11.07 per share, with a total value of $149,445.00. Following the completion of the acquisition, the director owned 13,500 shares in the company, valued at approximately $149,445. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

About AllianceBernstein National Municipal Income Fund

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.