Key Points
- Director sale: Garry Moody sold 13,500 shares on April 21 at an average price of $10.96, totaling $147,960, as disclosed in an SEC filing.
- Dividend & yield: The fund paid a monthly dividend of $0.0502 per share (paid April 17; record/ex-dividend April 2), equivalent to an annualized yield of about 5.5%.
- Stock trading range: AFB opened at $10.97 with 50-day and 200-day simple moving averages of $10.83 and $10.87, and a 12-month range of $10.05–$11.13, reflecting relatively narrow price movement.
AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB - Get Free Report) Director Garry Moody sold 13,500 shares of the company's stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $10.96, for a total transaction of $147,960.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
AllianceBernstein National Municipal Income Fund Stock Up 0.1%
Shares of AFB opened at $10.97 on Thursday. The firm's fifty day simple moving average is $10.83 and its two-hundred day simple moving average is $10.87. AllianceBernstein National Municipal Income Fund, Inc. has a 12 month low of $10.05 and a 12 month high of $11.13.
AllianceBernstein National Municipal Income Fund (NYSE:AFB - Get Free Report) last issued its quarterly earnings results on Friday, March 27th. The investment management company reported $0.17 EPS for the quarter.
AllianceBernstein National Municipal Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd were given a dividend of $0.0502 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%.
Institutional Trading of AllianceBernstein National Municipal Income Fund
Several large investors have recently modified their holdings of the stock. Pathstone Holdings LLC grew its position in shares of AllianceBernstein National Municipal Income Fund by 7.2% during the 3rd quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company's stock worth $23,253,000 after buying an additional 144,091 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of AllianceBernstein National Municipal Income Fund by 16.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,432,746 shares of the investment management company's stock worth $15,502,000 after buying an additional 206,961 shares during the period. Rivernorth Capital Management LLC grew its position in shares of AllianceBernstein National Municipal Income Fund by 2.5% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,039,845 shares of the investment management company's stock worth $11,251,000 after buying an additional 25,688 shares during the period. Keybank National Association OH grew its position in shares of AllianceBernstein National Municipal Income Fund by 5.6% during the 4th quarter. Keybank National Association OH now owns 930,742 shares of the investment management company's stock worth $10,071,000 after buying an additional 49,044 shares during the period. Finally, Guggenheim Capital LLC grew its position in shares of AllianceBernstein National Municipal Income Fund by 49.3% during the 4th quarter. Guggenheim Capital LLC now owns 705,049 shares of the investment management company's stock worth $7,629,000 after buying an additional 232,964 shares during the period.
About AllianceBernstein National Municipal Income Fund
(
Get Free Report)
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.
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