Keybank National Association OH Sells 87,567 Shares of AllianceBernstein National Municipal Income Fund, Inc. $AFB

Keybank National Association OH reduced its position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 874,807 shares of the investment management company’s stock after selling 87,567 shares during the period. Keybank National Association OH’s holdings in AllianceBernstein National Municipal Income Fund were worth $8,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in 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 in the last quarter. Rivernorth Capital Management LLC lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 2.1% during the first quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock worth $11,347,000 after buying an additional 21,639 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 1.8% during the third quarter. Commonwealth Equity Services LLC now owns 196,622 shares of the investment management company’s stock worth $1,874,000 after buying an additional 3,504 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 147,061 shares of the investment management company’s stock worth $1,572,000 after buying an additional 6,189 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the third quarter valued at about $1,101,000.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of AllianceBernstein National Municipal Income Fund stock opened at $10.17 on Friday. The firm has a 50-day moving average of $9.99 and a 200-day moving average of $10.75. AllianceBernstein National Municipal Income Fund, Inc. has a 52-week low of $9.28 and a 52-week high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, September 25th. The investment management company reported $0.16 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 20th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.0670 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Thursday, November 5th. This is a boost from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.0502.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund, Inc. is a closed-end investment company listed on the New York Stock Exchange under the symbol AFB. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal debt securities issued by states, municipalities, and other public entities in the United States. The fund’s portfolio may include general obligation bonds, revenue bonds, and other municipal obligations financing public infrastructure and services such as education, transportation, utilities, and health care.