AllianceBernstein National Municipal Income Fund (NYSE:AFB) Director Acquires $149,445.00 in Stock

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Director Garry Moody bought 13,500 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was bought at an average price of $11.07 per share, with a total value of $149,445.00. Following the completion of the purchase, the director owned 13,500 shares of the company’s stock, valued at $149,445. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of AFB stock opened at $11.03 on Monday. The business has a 50 day moving average of $10.77 and a two-hundred day moving average of $10.44. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $9.78 and a 52 week high of $11.58.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, September 26th. The investment management company reported $0.14 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be paid a $0.0502 dividend. The ex-dividend date is Thursday, November 6th. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 5.5%.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in AFB. Keybank National Association OH boosted its position in shares of AllianceBernstein National Municipal Income Fund by 3.0% during the first quarter. Keybank National Association OH now owns 910,140 shares of the investment management company’s stock worth $9,884,000 after buying an additional 26,616 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the first quarter worth approximately $120,000. Dakota Wealth Management boosted its position in shares of AllianceBernstein National Municipal Income Fund by 59.8% during the first quarter. Dakota Wealth Management now owns 68,827 shares of the investment management company’s stock worth $747,000 after buying an additional 25,761 shares during the period. Accredited Investor Services LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the first quarter worth approximately $110,000. Finally, Ackerman Capital Advisors LLC boosted its position in shares of AllianceBernstein National Municipal Income Fund by 35.7% during the first quarter. Ackerman Capital Advisors LLC now owns 14,003 shares of the investment management company’s stock worth $152,000 after buying an additional 3,686 shares during the period.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax.