AllianceBernstein National Municipal Income Fund (NYSE:AFB) Releases Earnings Results

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

AllianceBernstein National Municipal Income Fund Trading Down 0.9%

Shares of AllianceBernstein National Municipal Income Fund stock traded down $0.09 on Friday, reaching $10.41. 70,927 shares of the stock were exchanged, compared to its average volume of 120,363. AllianceBernstein National Municipal Income Fund has a 1-year low of $9.78 and a 1-year high of $11.13. The business has a fifty day moving average price of $10.89 and a two-hundred day moving average price of $10.87.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be issued a $0.0502 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 5.8%.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in AFB. Global Retirement Partners LLC increased its position in AllianceBernstein National Municipal Income Fund by 367.0% during the 4th quarter. Global Retirement Partners LLC now owns 4,670 shares of the investment management company’s stock worth $51,000 after purchasing an additional 3,670 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 328.5% in the first quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after buying an additional 5,608 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the second quarter valued at approximately $103,000. Captrust Financial Advisors acquired a new position in AllianceBernstein National Municipal Income Fund during the second quarter worth $103,000. Finally, Readystate Asset Management LP acquired a new position in AllianceBernstein National Municipal Income Fund during the fourth quarter worth $119,000.

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.