Keybank National Association OH Increases Position in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Keybank National Association OH lifted its holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 5.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 930,742 shares of the investment management company’s stock after acquiring an additional 49,044 shares during the quarter. Keybank National Association OH’s holdings in AllianceBernstein National Municipal Income Fund were worth $10,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new position in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter worth approximately $65,000. Geneos Wealth Management Inc. raised its stake in shares of AllianceBernstein National Municipal Income Fund by 328.5% during 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 during the period. Nomura Holdings Inc. bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter worth $103,000. Captrust Financial Advisors bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter worth $103,000. Finally, Jane Street Group LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter worth $119,000.

Insider Activity at AllianceBernstein National Municipal Income Fund

In other news, Director Garry L. Moody sold 13,500 shares of AllianceBernstein National Municipal Income Fund stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $10.96, for a total transaction of $147,960.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

AllianceBernstein National Municipal Income Fund Trading Down 1.0%

NYSE AFB opened at $11.09 on Thursday. AllianceBernstein National Municipal Income Fund, Inc. has a one year low of $10.05 and a one year high of $11.22. The business’s fifty day moving average is $10.83 and its 200-day moving average is $10.88.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its earnings results on Friday, March 27th. The investment management company reported $0.17 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, May 7th will be paid a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Thursday, May 7th.

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.