Rareview Capital LLC Takes $4.33 Million Position in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Rareview Capital LLC bought a new position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) in the 1st quarter, Holdings Channel reports. The fund bought 420,224 shares of the investment management company’s stock, valued at approximately $4,333,000. AllianceBernstein National Municipal Income Fund makes up 2.5% of Rareview Capital LLC’s holdings, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Keybank National Association OH increased its position in AllianceBernstein National Municipal Income Fund by 3.1% in the 1st quarter. Keybank National Association OH now owns 959,584 shares of the investment management company’s stock valued at $10,258,000 after acquiring an additional 28,842 shares during the period. Traub Capital Management LLC raised its stake in AllianceBernstein National Municipal Income Fund by 7.5% during the 1st quarter. Traub Capital Management LLC now owns 50,291 shares of the investment management company’s stock valued at $538,000 after acquiring an additional 3,504 shares during the last quarter. Balanced Wealth Group LLC lifted its position in AllianceBernstein National Municipal Income Fund by 82.8% during the 1st quarter. Balanced Wealth Group LLC now owns 23,245 shares of the investment management company’s stock worth $248,000 after acquiring an additional 10,527 shares during the period. Catalina Capital Group LLC lifted its position in AllianceBernstein National Municipal Income Fund by 39.7% during the 1st quarter. Catalina Capital Group LLC now owns 27,513 shares of the investment management company’s stock worth $294,000 after acquiring an additional 7,823 shares during the period. Finally, Riverbridge Partners LLC grew its stake in shares of AllianceBernstein National Municipal Income Fund by 11.6% in the 1st quarter. Riverbridge Partners LLC now owns 155,029 shares of the investment management company’s stock valued at $1,657,000 after purchasing an additional 16,144 shares during the last quarter.

Insiders Place Their Bets

In other news, Director Garry L. Moody sold 13,500 shares of the firm’s 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Jay Gerken bought 2,500 shares of the stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of $10.96 per share, for a total transaction of $27,400.00. Following the acquisition, the director owned 2,500 shares of the company’s stock, valued at approximately $27,400. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

AllianceBernstein National Municipal Income Fund Price Performance

NYSE:AFB opened at $11.39 on Friday. The stock’s 50 day simple moving average is $11.20 and its 200-day simple moving average is $10.97. AllianceBernstein National Municipal Income Fund, Inc. has a 12-month low of $10.05 and a 12-month high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released 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 disclosed a monthly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 2nd will be paid a $0.0502 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, July 2nd.

AllianceBernstein National Municipal Income Fund 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.