Insider Selling: AllianceBernstein National Municipal Income Fund (NYSE:AFB) Director Sells 13,500 Shares of Stock

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Director Garry Moody sold 13,500 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $10.96, for a total value of $147,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE AFB traded up $0.02 during mid-day trading on Wednesday, hitting $10.98. The company had a trading volume of 99,347 shares, compared to its average volume of 118,506. AllianceBernstein National Municipal Income Fund, Inc. has a 1 year low of $10.05 and a 1 year high of $11.13. The stock’s 50-day moving average price is $10.83 and its 200-day moving average price is $10.87.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings data on Friday, March 27th. The investment management company reported $0.17 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd were given a $0.0502 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Thursday, April 2nd.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pathstone Holdings LLC grew its position in shares of AllianceBernstein National Municipal Income Fund by 7.2% during the 3rd quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company’s stock valued at $23,253,000 after purchasing an additional 144,091 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of AllianceBernstein National Municipal Income Fund by 16.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,432,746 shares of the investment management company’s stock worth $15,502,000 after acquiring an additional 206,961 shares in the last quarter. Rivernorth Capital Management LLC raised its stake in shares of AllianceBernstein National Municipal Income Fund by 2.5% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,039,845 shares of the investment management company’s stock worth $11,251,000 after acquiring an additional 25,688 shares in the last quarter. Keybank National Association OH lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 5.6% in the 4th quarter. Keybank National Association OH now owns 930,742 shares of the investment management company’s stock worth $10,071,000 after acquiring an additional 49,044 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 49.3% in the 4th quarter. Guggenheim Capital LLC now owns 705,049 shares of the investment management company’s stock worth $7,629,000 after acquiring an additional 232,964 shares during the last quarter.

About AllianceBernstein National Municipal Income Fund

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.