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

AllianceBernstein National Municipal Income Fund (NYSE:AFB) released its quarterly earnings data on Friday. The investment management company reported $0.13 EPS for the quarter, Zacks reports.

AllianceBernstein National Municipal Income Fund Stock Up 0.1%

NYSE:AFB traded up $0.02 on Friday, reaching $10.73. The company’s stock had a trading volume of 111,118 shares, compared to its average volume of 85,469. AllianceBernstein National Municipal Income Fund has a 1-year low of $9.78 and a 1-year high of $11.34. The business’s 50-day moving average price is $10.88 and its two-hundred day moving average price is $10.58.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 4th were given a dividend of $0.0502 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Thursday, December 4th.

Insider Activity at AllianceBernstein National Municipal Income Fund

In other news, Director Garry L. Moody bought 13,500 shares of the business’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $11.07 per share, for a total transaction of $149,445.00. Following the purchase, the director owned 13,500 shares of the company’s stock, valued at approximately $149,445. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pathstone Holdings LLC increased its position in shares of AllianceBernstein National Municipal Income Fund by 7.2% in the third quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company’s stock worth $23,253,000 after purchasing an additional 144,091 shares during the period. Ameriprise Financial Inc. grew its stake in AllianceBernstein National Municipal Income Fund by 375.1% during the third quarter. Ameriprise Financial Inc. now owns 286,422 shares of the investment management company’s stock worth $3,108,000 after buying an additional 226,131 shares in the last quarter. Royal Bank of Canada grew its stake in AllianceBernstein National Municipal Income Fund by 22.3% during the first quarter. Royal Bank of Canada now owns 241,426 shares of the investment management company’s stock worth $2,622,000 after buying an additional 43,982 shares in the last quarter. Van ECK Associates Corp increased its holdings in AllianceBernstein National Municipal Income Fund by 5.0% in the 3rd quarter. Van ECK Associates Corp now owns 210,562 shares of the investment management company’s stock valued at $2,285,000 after buying an additional 10,100 shares during the period. Finally, Bank of America Corp DE raised its position in shares of AllianceBernstein National Municipal Income Fund by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 59,833 shares of the investment management company’s stock valued at $649,000 after buying an additional 1,234 shares in the last quarter.

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.