Traub Capital Management LLC Purchases New Shares in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Traub Capital Management LLC bought a new position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,918 shares of the investment management company’s stock, valued at approximately $442,000.

A number of other institutional investors have also made changes to their positions in the business. Allworth Financial LP acquired a new stake in AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at about $72,000. Geneos Wealth Management Inc. increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 328.5% in the first quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after purchasing an additional 5,608 shares in the last quarter. Wolverine Asset Management LLC bought a new position in AllianceBernstein National Municipal Income Fund in the 2nd quarter worth approximately $102,000. Duncker Streett & Co. Inc. acquired a new position in AllianceBernstein National Municipal Income Fund during the 2nd quarter worth $113,000. Finally, Ackerman Capital Advisors LLC lifted its holdings in AllianceBernstein National Municipal Income Fund by 35.7% during the 1st quarter. Ackerman Capital Advisors LLC now owns 14,003 shares of the investment management company’s stock worth $152,000 after buying an additional 3,686 shares in the last quarter.

Insider Buying and Selling

In related news, Director Garry L. Moody purchased 13,500 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were bought at an average price of $11.07 per share, with a total value of $149,445.00. Following the purchase, the director directly owned 13,500 shares in the company, valued at $149,445. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

AllianceBernstein National Municipal Income Fund Price Performance

NYSE AFB opened at $10.93 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $9.78 and a 52 week high of $11.58. The stock has a fifty day moving average of $10.90 and a 200-day moving average of $10.49.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly 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. Shareholders of record on Thursday, November 6th will be paid a $0.0502 dividend. The ex-dividend date of this dividend is Thursday, November 6th. 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 yield of 5.5%.

AllianceBernstein National Municipal Income Fund Company Profile

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.