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

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

AllianceBernstein National Municipal Income Fund Price Performance

NYSE:AFB traded up $0.02 during mid-day trading on Friday, reaching $10.73. 110,991 shares of the company’s stock were exchanged, compared to its average volume of 85,449. AllianceBernstein National Municipal Income Fund has a one year low of $9.78 and a one year high of $11.34. The business’s fifty day simple moving average is $10.88 and its two-hundred day simple moving average is $10.58.

AllianceBernstein National Municipal Income Fund Announces Dividend

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

Insider Activity at AllianceBernstein National Municipal Income Fund

In related news, Director Garry L. Moody bought 13,500 shares of AllianceBernstein National Municipal Income Fund stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $11.07 per share, with a total value of $149,445.00. Following the acquisition, the director owned 13,500 shares in the company, valued at $149,445. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

Large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 375.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 286,422 shares of the investment management company’s stock valued at $3,108,000 after acquiring an additional 226,131 shares during the last quarter. Pathstone Holdings LLC raised its position in 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 valued at $23,253,000 after purchasing an additional 144,091 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of 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 valued at $2,622,000 after purchasing an additional 43,982 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the second quarter worth about $119,000. Finally, Van ECK Associates Corp increased its stake in shares of AllianceBernstein National Municipal Income Fund by 5.0% in the third 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.

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.