Hennion & Walsh Asset Management Inc. Boosts Stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Hennion & Walsh Asset Management Inc. increased its stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 14.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 592,728 shares of the investment management company’s stock after purchasing an additional 73,447 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $6,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AFB. Pathstone Holdings LLC increased its stake in AllianceBernstein National Municipal Income Fund by 5.0% during the 3rd quarter. Pathstone Holdings LLC now owns 2,032,729 shares of the investment management company’s stock worth $23,988,000 after buying an additional 96,119 shares in the last quarter. Rivernorth Capital Management LLC lifted its holdings in AllianceBernstein National Municipal Income Fund by 24.2% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock valued at $14,068,000 after purchasing an additional 232,205 shares in the last quarter. Advisors Asset Management Inc. grew its stake in AllianceBernstein National Municipal Income Fund by 15.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 456,237 shares of the investment management company’s stock valued at $5,384,000 after acquiring an additional 62,304 shares in the last quarter. Almitas Capital LLC boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 265.1% during the 2nd quarter. Almitas Capital LLC now owns 149,896 shares of the investment management company’s stock worth $1,665,000 after purchasing an additional 108,842 shares during the last quarter. Finally, Whitebox Advisors LLC increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 6.5% in the third quarter. Whitebox Advisors LLC now owns 113,955 shares of the investment management company’s stock valued at $1,345,000 after purchasing an additional 6,905 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Stock Performance

AllianceBernstein National Municipal Income Fund stock opened at $9.26 on Thursday. The company has a 50-day moving average price of $11.14 and a 200 day moving average price of $11.33. AllianceBernstein National Municipal Income Fund, Inc. has a 12-month low of $10.33 and a 12-month high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings data on Monday, December 30th. The investment management company reported $0.10 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a dividend of $0.0396 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Thursday, January 2nd.

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.