Balanced Wealth Group LLC Buys 12,035 Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Balanced Wealth Group LLC raised its stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 11.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,030 shares of the investment management company’s stock after purchasing an additional 12,035 shares during the period. AllianceBernstein National Municipal Income Fund accounts for approximately 0.6% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 23rd largest holding. Balanced Wealth Group LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $1,228,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 34.5% in the 4th quarter. Ameriprise Financial Inc. now owns 60,397 shares of the investment management company’s stock valued at $657,000 after buying an additional 15,500 shares in the last quarter. HighTower Advisors LLC lifted its position in AllianceBernstein National Municipal Income Fund by 17.5% during the fourth quarter. HighTower Advisors LLC now owns 54,339 shares of the investment management company’s stock valued at $591,000 after acquiring an additional 8,083 shares during the last quarter. Bank of America Corp DE lifted its position in AllianceBernstein National Municipal Income Fund by 8.1% during the fourth quarter. Bank of America Corp DE now owns 54,903 shares of the investment management company’s stock valued at $597,000 after acquiring an additional 4,128 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter valued at approximately $268,000. Finally, Van ECK Associates Corp boosted its stake in AllianceBernstein National Municipal Income Fund by 3.0% in the fourth quarter. Van ECK Associates Corp now owns 239,815 shares of the investment management company’s stock valued at $2,607,000 after acquiring an additional 7,015 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Up 0.3%

Shares of AFB stock opened at $10.19 on Thursday. The business’s fifty day simple moving average is $10.27 and its 200-day simple moving average is $10.79. AllianceBernstein National Municipal Income Fund, Inc. has a 12-month low of $9.78 and a 12-month high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its earnings results on Friday, March 28th. The investment management company reported $0.12 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.0396 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.67%.

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.