AllianceBernstein National Municipal Income Fund, Inc. $AFB Shares Sold by Bulldog Investors LLP

Bulldog Investors LLP cut its position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 20.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 931,099 shares of the investment management company’s stock after selling 233,091 shares during the period. AllianceBernstein National Municipal Income Fund accounts for 2.3% of Bulldog Investors LLP’s holdings, making the stock its 10th biggest position. Bulldog Investors LLP’s holdings in AllianceBernstein National Municipal Income Fund were worth $10,102,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in AllianceBernstein National Municipal Income Fund by 22.3% in the first quarter. Royal Bank of Canada now owns 241,426 shares of the investment management company’s stock valued at $2,622,000 after purchasing an additional 43,982 shares during the last quarter. 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 buying an additional 5,608 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of AllianceBernstein National Municipal Income Fund by 43.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 45,124 shares of the investment management company’s stock worth $465,000 after buying an additional 13,558 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter worth about $72,000. Finally, Traub Capital Management LLC purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter worth about $442,000.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE AFB opened at $10.74 on Friday. The company’s 50-day moving average price is $10.95 and its 200 day moving average price is $10.86. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $9.78 and a 52 week high of $11.13.

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

AllianceBernstein National Municipal Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 20th. Investors of record on Thursday, March 5th will be given a dividend of $0.0502 per share. The ex-dividend date is Thursday, March 5th. This represents a c) annualized dividend and a dividend yield of 5.6%. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05.

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.