Altium Capital Management LLC Acquires New Stake in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Altium Capital Management LLC acquired a new stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 96,849 shares of the investment management company’s stock, valued at approximately $1,048,000. AllianceBernstein National Municipal Income Fund makes up about 4.1% of Altium Capital Management LLC’s portfolio, making the stock its 9th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in AllianceBernstein National Municipal Income Fund by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 59,833 shares of the investment management company’s stock valued at $649,000 after acquiring an additional 1,234 shares in the last quarter. ProVise Management Group LLC lifted its position in AllianceBernstein National Municipal Income Fund by 7.1% in the 3rd quarter. ProVise Management Group LLC now owns 30,125 shares of the investment management company’s stock valued at $327,000 after acquiring an additional 2,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in AllianceBernstein National Municipal Income Fund by 5.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 47,519 shares of the investment management company’s stock valued at $516,000 after acquiring an additional 2,395 shares in the last quarter. HighTower Advisors LLC lifted its stake in AllianceBernstein National Municipal Income Fund by 7.4% in the 4th quarter. HighTower Advisors LLC now owns 51,097 shares of the investment management company’s stock valued at $553,000 after acquiring an additional 3,535 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in AllianceBernstein National Municipal Income Fund in the 4th quarter valued at approximately $43,000.

AllianceBernstein National Municipal Income Fund Stock Performance

NYSE AFB opened at $10.91 on Thursday. The stock’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.89. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $10.05 and a 52 week high of $11.25.

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

AllianceBernstein National Municipal Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, May 7th were paid a $0.0502 dividend. The ex-dividend date was Thursday, May 7th. This represents a c) annualized dividend and a yield of 5.5%.

Insider Buying and Selling

In other AllianceBernstein National Municipal Income Fund news, Director Garry L. Moody sold 13,500 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $10.96, for a total transaction of $147,960.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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.