Hennion & Walsh Asset Management Inc. Acquires 193,848 Shares of AllianceBernstein National Municipal Income Fund, Inc. $AFB

Hennion & Walsh Asset Management Inc. increased its stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 52.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 563,217 shares of the investment management company’s stock after acquiring an additional 193,848 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $6,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AFB. Royal Bank of Canada lifted its stake 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 purchasing an additional 43,982 shares during the last quarter. Smith Asset Management Co. LLC purchased a new stake in AllianceBernstein National Municipal Income Fund during the 1st quarter valued at $198,000. Geneos Wealth Management Inc. lifted its position in 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 worth $79,000 after buying an additional 5,608 shares during the last quarter. Riverbridge Partners LLC boosted its stake 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 buying an additional 2,872 shares during the period. Finally, Catalina Capital Group LLC bought a new position in AllianceBernstein National Municipal Income Fund during the second quarter valued at $203,000.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of AFB opened at $10.87 on Tuesday. The company’s fifty day simple moving average is $10.85 and its 200-day simple moving average is $10.61. AllianceBernstein National Municipal Income Fund, Inc. has a twelve month low of $9.78 and a twelve month high of $11.34.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings results on Friday, December 26th. The investment management company reported $0.13 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 16th. Stockholders of record on Thursday, January 8th will be paid a dividend of $0.0502 per share. The ex-dividend date of this dividend is Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

Insider Buying and Selling at AllianceBernstein National Municipal Income Fund

In other AllianceBernstein National Municipal Income Fund news, Director Garry L. Moody purchased 13,500 shares of AllianceBernstein National Municipal Income Fund stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $11.07 per share, for a total transaction of $149,445.00. Following the completion of the acquisition, the director owned 13,500 shares in the company, valued at $149,445. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

AllianceBernstein National Municipal Income Fund Profile

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end management investment company that primarily seeks to provide shareholders with a high level of federally tax-exempt income. The fund invests predominantly in a diversified portfolio of investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. These instruments include general obligation bonds, revenue bonds and other municipal debt obligations that offer tax-advantaged income potential for investors.

Under the management of AllianceBernstein L.P., the fund’s portfolio is constructed and monitored by a dedicated team of municipal credit analysts and portfolio managers.