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

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

AllianceBernstein National Municipal Income Fund Trading Up 0.5%

AllianceBernstein National Municipal Income Fund stock traded up $0.06 during mid-day trading on Friday, hitting $11.46. 90,050 shares of the company traded hands, compared to its average volume of 113,958. AllianceBernstein National Municipal Income Fund has a one year low of $10.05 and a one year high of $11.48. The stock has a fifty day moving average price of $11.14 and a 200-day moving average price of $10.94.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be paid a $0.0502 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, July 2nd.

Insider Buying and Selling 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 shares were sold at an average price of $10.96, for a total transaction of $147,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R Jay Gerken bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $10.96 per share, with a total value of $27,400.00. Following the completion of the transaction, the director directly owned 2,500 shares of the company’s stock, valued at $27,400. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

A number of large investors have recently modified their holdings of 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 valued at $51,000 after buying an additional 3,670 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in AllianceBernstein National Municipal Income Fund by 328.5% during 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 during the last quarter. Nomura Holdings Inc. bought a new stake in AllianceBernstein National Municipal Income Fund during the second quarter valued at about $103,000. Captrust Financial Advisors purchased a new stake in AllianceBernstein National Municipal Income Fund in the second quarter worth about $103,000. Finally, Readystate Asset Management LP purchased a new position in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter valued at about $119,000.

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.