Lido Advisors LLC Has $401,000 Stake in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Lido Advisors LLC reduced its stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 88.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,538 shares of the investment management company’s stock after selling 274,537 shares during the period. Lido Advisors LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 16.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,432,746 shares of the investment management company’s stock valued at $15,502,000 after acquiring an additional 206,961 shares in the last quarter. Rareview Capital LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the 1st quarter worth $4,333,000. Altium Capital Management LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter worth $1,048,000. Petra Financial Advisors Inc. bought a new position in shares of AllianceBernstein National Municipal Income Fund in the first quarter worth $570,000. Finally, Fiera Capital Corp acquired a new position in AllianceBernstein National Municipal Income Fund in the fourth quarter valued at about $2,902,000.

Insider Activity

In other news, Director R Jay Gerken purchased 2,500 shares of AllianceBernstein National Municipal Income Fund stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $10.96 per share, for a total transaction of $27,400.00. Following the transaction, the director owned 2,500 shares of the company’s stock, valued at approximately $27,400. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

AllianceBernstein National Municipal Income Fund Stock Down 0.1%

AFB opened at $10.89 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a twelve month low of $10.09 and a twelve month high of $11.50. The company has a 50-day simple moving average of $11.21 and a 200 day simple moving average of $11.01.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings data on Friday, June 26th. The investment management company reported $0.15 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Thursday, August 6th.

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.