R Jay Gerken Acquires 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 company’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $10.96 per share, for a total transaction of $27,400.00. Following the acquisition, the director owned 2,500 shares in the company, valued at approximately $27,400. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AllianceBernstein National Municipal Income Fund Trading Up 0.0%

AFB opened at $11.18 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a one year low of $10.05 and a one year high of $11.25. The business’s 50-day simple moving average is $10.88 and its 200-day simple moving average is $10.89.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings data 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 disclosed a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be issued a $0.0502 dividend. The ex-dividend date is Thursday, June 4th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AFB. Rareview Capital LLC purchased a new position in shares of AllianceBernstein National Municipal Income Fund in the 1st quarter valued at about $4,333,000. Fiera Capital Corp purchased a new position in AllianceBernstein National Municipal Income Fund during the 4th quarter worth approximately $2,902,000. Guggenheim Capital LLC grew its stake in AllianceBernstein National Municipal Income Fund by 49.3% during the 4th quarter. Guggenheim Capital LLC now owns 705,049 shares of the investment management company’s stock worth $7,629,000 after buying an additional 232,964 shares during the last quarter. Ameriprise Financial Inc. grew its stake in AllianceBernstein National Municipal Income Fund by 375.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 286,422 shares of the investment management company’s stock worth $3,108,000 after buying an additional 226,131 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in AllianceBernstein National Municipal Income Fund by 16.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,432,746 shares of the investment management company’s stock worth $15,502,000 after buying an additional 206,961 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.