Hennion & Walsh Asset Management Inc. Acquires 193,848 Shares of AllianceBernstein National Municipal Income Fund, Inc. $AFB

Hennion & Walsh Asset Management Inc. raised its stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 52.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 563,217 shares of the investment management company’s stock after buying an additional 193,848 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $6,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP bought a new position in shares of AllianceBernstein National Municipal Income Fund during the second quarter worth $72,000. Geneos Wealth Management Inc. lifted its stake in AllianceBernstein National Municipal Income Fund by 328.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock worth $79,000 after purchasing an additional 5,608 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter valued at about $102,000. Nomura Holdings Inc. purchased a new position in shares of AllianceBernstein National Municipal Income Fund during the second quarter valued at about $103,000. Finally, Captrust Financial Advisors purchased a new position in shares of AllianceBernstein National Municipal Income Fund during the second quarter valued at about $103,000.

AllianceBernstein National Municipal Income Fund Trading Up 0.1%

NYSE:AFB opened at $10.87 on Tuesday. AllianceBernstein National Municipal Income Fund, Inc. has a 12 month low of $9.78 and a 12 month high of $11.34. The business’s 50-day moving average is $10.85 and its 200 day moving average is $10.61.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, December 26th. The investment management company reported $0.13 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 16th. Investors of record on Thursday, January 8th will be given a $0.0502 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Thursday, January 8th.

Insiders Place Their Bets

In other AllianceBernstein National Municipal Income Fund news, Director Garry L. Moody purchased 13,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 13,500 shares in the company, valued at $149,445. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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.