AllianceBernstein National Municipal Income Fund (NYSE:AFB) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.02 and traded as low as $10.77. AllianceBernstein National Municipal Income Fund shares last traded at $10.77, with a volume of 40,194 shares changing hands.

AllianceBernstein National Municipal Income Fund Trading Down 1.1%

The firm’s 50-day simple moving average is $11.07 and its 200 day simple moving average is $11.01.

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

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, September 18th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.0502 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Pathstone Holdings LLC increased its position in shares of AllianceBernstein National Municipal Income Fund by 7.2% during the 3rd 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 last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 2.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,464,577 shares of the investment management company’s stock valued at $15,656,000 after buying an additional 31,831 shares during the last quarter. Rivernorth Capital Management LLC grew its stake in shares of AllianceBernstein National Municipal Income Fund by 2.1% in the first quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock valued at $11,347,000 after buying an additional 21,639 shares in the last quarter. Keybank National Association OH grew its stake in shares of AllianceBernstein National Municipal Income Fund by 3.1% in the first quarter. Keybank National Association OH now owns 959,584 shares of the investment management company’s stock valued at $10,258,000 after buying an additional 28,842 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in AllianceBernstein National Municipal Income Fund by 49.3% during the fourth quarter. Guggenheim Capital LLC now owns 705,049 shares of the investment management company’s stock worth $7,629,000 after buying an additional 232,964 shares during 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.