AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Shares Purchased by Advisors Asset Management Inc.

Posted by Trevor Kearing on Nov 22nd, 2024

Advisors Asset Management Inc. grew its position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Free Report) by 15.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,237 shares of the investment management company’s stock after purchasing an additional 62,304 shares during the period. Advisors Asset Management Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $5,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AFB. Private Advisor Group LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter valued at about $139,000. Choreo LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at about $252,000. Wolverine Asset Management LLC lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 39.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 26,782 shares of the investment management company’s stock valued at $316,000 after purchasing an additional 7,600 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 84.8% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 32,902 shares of the investment management company’s stock valued at $366,000 after purchasing an additional 15,102 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at about $891,000.

AllianceBernstein National Municipal Income Fund Stock Down 0.3 %

NYSE AFB opened at $11.23 on Friday. The business’s 50-day simple moving average is $11.50 and its 200-day simple moving average is $11.27. AllianceBernstein National Municipal Income Fund, Inc. has a 1-year low of $10.13 and a 1-year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB – Get Free Report) last released its quarterly earnings results on Friday, September 27th. The investment management company reported $0.11 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a dividend of $0.0396 per share. This represents a $0.48 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Thursday, November 7th.

AllianceBernstein National Municipal Income Fund Profile

(Free Report)

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.