R Jay Gerken Purchases 2,500 Shares of AllianceBernstein National Municipal Income Fund (NYSE:AFB) Stock

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Director R Jay Gerken acquired 2,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of $10.96 per share, with a total value of $27,400.00. Following the completion of the transaction, the director owned 2,500 shares in the company, valued at $27,400. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

AllianceBernstein National Municipal Income Fund Stock Up 1.5%

Shares of NYSE AFB traded up $0.17 during midday trading on Wednesday, reaching $11.19. 53,224 shares of the company’s stock were exchanged, compared to its average volume of 117,228. AllianceBernstein National Municipal Income Fund, Inc. has a 52-week low of $10.05 and a 52-week high of $11.25. The business’s fifty day moving average price is $10.86 and its two-hundred day moving average price is $10.88.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.0502 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Thursday, June 4th.

Institutional Trading of AllianceBernstein National Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in AFB. Pathstone Holdings LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 7.2% in the third quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company’s stock valued at $23,253,000 after acquiring an additional 144,091 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in AllianceBernstein National Municipal Income Fund by 2.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,464,577 shares of the investment management company’s stock worth $15,656,000 after acquiring an additional 31,831 shares in the last quarter. Rivernorth Capital Management LLC grew its holdings in AllianceBernstein National Municipal Income Fund by 2.1% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock worth $11,347,000 after acquiring an additional 21,639 shares in the last quarter. Keybank National Association OH increased its position in shares of AllianceBernstein National Municipal Income Fund by 3.1% in the 1st quarter. Keybank National Association OH now owns 959,584 shares of the investment management company’s stock worth $10,258,000 after purchasing an additional 28,842 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position 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 purchasing an additional 232,964 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Company 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.