Petra Financial Advisors Inc. Buys New Holdings in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Petra Financial Advisors Inc. purchased a new stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,350 shares of the investment management company’s stock, valued at approximately $570,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathstone Holdings LLC lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 7.2% in the 3rd quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company’s stock valued at $23,253,000 after purchasing an additional 144,091 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in AllianceBernstein National Municipal Income Fund by 2.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,464,577 shares of the investment management company’s stock worth $15,656,000 after purchasing an additional 31,831 shares in the last quarter. Rivernorth Capital Management LLC increased its position in AllianceBernstein National Municipal Income Fund by 2.5% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,039,845 shares of the investment management company’s stock worth $11,251,000 after purchasing an additional 25,688 shares in the last quarter. Keybank National Association OH raised its holdings in AllianceBernstein National Municipal Income Fund by 3.1% in the first quarter. Keybank National Association OH now owns 959,584 shares of the investment management company’s stock valued at $10,258,000 after buying an additional 28,842 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 49.3% in the fourth quarter. Guggenheim Capital LLC now owns 705,049 shares of the investment management company’s stock valued at $7,629,000 after buying an additional 232,964 shares during the period.

Insiders Place Their Bets

In related news, Director R Jay Gerken purchased 2,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost 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. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AllianceBernstein National Municipal Income Fund Stock Down 1.4%

Shares of AFB stock opened at $11.05 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a fifty-two week low of $10.08 and a fifty-two week high of $11.50. The firm’s 50 day moving average price is $11.22 and its two-hundred day moving average price is $11.01.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released 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 Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 2nd were given a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Thursday, July 2nd.

About AllianceBernstein National Municipal Income Fund

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.