Kennedy Investment Group Sells 9,605 Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Kennedy Investment Group decreased its holdings in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 8.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 107,434 shares of the investment management company’s stock after selling 9,605 shares during the period. Kennedy Investment Group’s holdings in AllianceBernstein National Municipal Income Fund were worth $1,168,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AFB. Riverbridge Partners LLC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 185.5% during the 4th quarter. Riverbridge Partners LLC now owns 60,384 shares of the investment management company’s stock worth $656,000 after purchasing an additional 39,236 shares during the period. Dakota Wealth Management grew its position in shares of AllianceBernstein National Municipal Income Fund by 4.4% in the fourth quarter. Dakota Wealth Management now owns 43,066 shares of the investment management company’s stock valued at $468,000 after purchasing an additional 1,800 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of AllianceBernstein National Municipal Income Fund by 14.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 592,728 shares of the investment management company’s stock worth $6,443,000 after buying an additional 73,447 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 4.2% in the fourth quarter. Capital Investment Advisors LLC now owns 81,333 shares of the investment management company’s stock worth $884,000 after acquiring an additional 3,267 shares in the last quarter. Finally, Rivernorth Capital Management LLC raised its position in shares of AllianceBernstein National Municipal Income Fund by 24.2% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock worth $14,068,000 after purchasing an additional 232,205 shares during the period.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of NYSE:AFB opened at $11.04 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a one year low of $10.33 and a one year high of $11.95. The stock has a fifty day moving average of $11.09 and a 200-day moving average of $11.32.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its earnings results on Monday, December 30th. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.0396 per share. The ex-dividend date is Thursday, February 6th. This represents a $0.48 annualized dividend and a dividend yield of 4.31%.

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.