Insider Selling: AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Director Sells 4,655 Shares of Stock

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFBGet Rating) Director Garry L. Moody sold 4,655 shares of the company’s stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $11.98, for a total value of $55,766.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of AFB stock traded down $0.07 during trading hours on Tuesday, hitting $11.99. 11 shares of the company’s stock were exchanged, compared to its average volume of 72,215. The company has a 50-day moving average price of $12.96. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $12.06 and a 52 week high of $15.58.

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 22nd. Stockholders of record on Friday, April 8th will be given a dividend of $0.0448 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Thursday, April 7th.

A number of institutional investors and hedge funds have recently made changes to their positions in AFB. Allspring Global Investments Holdings LLC bought a new position in AllianceBernstein National Municipal Income Fund during the fourth quarter worth about $9,705,000. Keybank National Association OH raised its holdings in AllianceBernstein National Municipal Income Fund by 1,405.6% during the 4th quarter. Keybank National Association OH now owns 428,426 shares of the investment management company’s stock worth $6,345,000 after purchasing an additional 399,970 shares during the last quarter. Private Wealth Strategies L.L.C. lifted its holdings in AllianceBernstein National Municipal Income Fund by 13.8% in the fourth quarter. Private Wealth Strategies L.L.C. now owns 825,936 shares of the investment management company’s stock valued at $12,233,000 after buying an additional 100,337 shares during the period. Sit Investment Associates Inc. acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter valued at about $748,000. Finally, Invesco Ltd. acquired a new position in AllianceBernstein National Municipal Income Fund in the third quarter valued at approximately $723,000.

AllianceBernstein National Municipal Income Fund Company Profile (Get Rating)

AllianceBernstein National Municipal Income Fund 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.

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