AllianceBernstein National Municipal Income Fund (NYSE:AFB) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.97 and traded as high as $11.48. AllianceBernstein National Municipal Income Fund shares last traded at $11.3910, with a volume of 150,075 shares changing hands.

AllianceBernstein National Municipal Income Fund Stock Up 0.0%

The company has a 50 day moving average of $11.20 and a 200 day moving average of $10.97.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.0502 per share. The ex-dividend date is Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

Insider Buying and Selling at AllianceBernstein National Municipal Income Fund

In related 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 value of $147,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Jay Gerken acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $10.96 per share, with a total value of $27,400.00. Following the completion of the acquisition, 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 Trading of AllianceBernstein National Municipal Income Fund

Large investors have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter valued at about $43,000. Global Retirement Partners LLC lifted its holdings in AllianceBernstein National Municipal Income Fund by 367.0% in 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 last quarter. PNC Financial Services Group Inc. acquired a new stake in AllianceBernstein National Municipal Income Fund in the 3rd quarter worth approximately $65,000. Geneos Wealth Management Inc. boosted its position 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 worth $79,000 after purchasing an additional 5,608 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in AllianceBernstein National Municipal Income Fund during the second quarter valued at approximately $103,000.

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.