Rothschild Investment LLC Lowers Stock Holdings in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Rothschild Investment LLC reduced its stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,474 shares of the investment management company’s stock after selling 6,000 shares during the period. Rothschild Investment LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allworth Financial LP purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the second quarter valued at approximately $72,000. Wolverine Asset Management LLC purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter worth $102,000. Envestnet Asset Management Inc. lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 43.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 45,124 shares of the investment management company’s stock worth $465,000 after buying an additional 13,558 shares during the period. Duncker Streett & Co. Inc. bought a new position in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter worth $113,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 21.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 990,611 shares of the investment management company’s stock valued at $10,213,000 after buying an additional 176,158 shares during the period.

AllianceBernstein National Municipal Income Fund Stock Performance

AFB stock opened at $10.93 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a 1-year low of $9.78 and a 1-year high of $11.58. The business has a 50-day moving average price of $10.90 and a 200 day moving average price of $10.49.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, September 26th. The investment management company reported $0.14 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 21st. Stockholders of record on Thursday, November 6th will be paid a dividend of $0.0502 per share. This is a boost from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Thursday, November 6th.

Insider Transactions at AllianceBernstein National Municipal Income Fund

In other AllianceBernstein National Municipal Income Fund news, Director Garry L. Moody acquired 13,500 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average cost of $11.07 per share, with a total value of $149,445.00. Following the completion of the acquisition, the director directly owned 13,500 shares in the company, valued at $149,445. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.