AllianceBernstein National Municipal Income Fund (NYSE:AFB) Stock Crosses Below 200-Day Moving Average – What’s Next?

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.02 and traded as low as $10.97. AllianceBernstein National Municipal Income Fund shares last traded at $10.9970, with a volume of 42,108 shares changing hands.

AllianceBernstein National Municipal Income Fund Trading Down 0.2%

The firm has a fifty day moving average price of $11.19 and a 200-day moving average price of $11.02.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings results on Friday, June 26th. The investment management company reported $0.15 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Thursday, August 6th will be given a $0.0502 dividend. The ex-dividend date is Thursday, August 6th. This represents a c) annualized dividend and a dividend yield of 5.5%.

Insider Buying and Selling at AllianceBernstein National Municipal Income Fund

In other news, Director R Jay Gerken purchased 2,500 shares of AllianceBernstein National Municipal Income Fund stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $10.96 per share, for a total transaction of $27,400.00. Following the transaction, the director owned 2,500 shares of the company’s stock, valued at approximately $27,400. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AFB. Rareview Capital LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund in the 1st quarter valued at approximately $4,333,000. Fiera Capital Corp acquired a new position in AllianceBernstein National Municipal Income Fund during the 4th quarter worth approximately $2,902,000. Guggenheim Capital LLC increased its position 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 purchasing an additional 232,964 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in AllianceBernstein National Municipal Income Fund by 375.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 286,422 shares of the investment management company’s stock valued at $3,108,000 after purchasing an additional 226,131 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its stake in 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 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.