Allspring Global Investments Holdings LLC Has $7.33 Million Stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Allspring Global Investments Holdings LLC raised its stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFBGet Rating) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 707,539 shares of the investment management company’s stock after acquiring an additional 23,034 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $7,330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its position in AllianceBernstein National Municipal Income Fund by 32.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,761 shares of the investment management company’s stock valued at $44,000 after purchasing an additional 922 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in AllianceBernstein National Municipal Income Fund during the 2nd quarter valued at approximately $51,000. Nomura Holdings Inc. acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter worth approximately $116,000. Park Avenue Securities LLC grew its position in shares of AllianceBernstein National Municipal Income Fund by 8.0% during the 2nd quarter. Park Avenue Securities LLC now owns 12,340 shares of the investment management company’s stock worth $143,000 after buying an additional 914 shares during the period. Finally, Ackerman Capital Advisors LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter worth approximately $146,000.

AllianceBernstein National Municipal Income Fund Stock Down 0.1 %

Shares of AFB stock opened at $10.91 on Monday. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $9.97 and a 52 week high of $14.39. The firm has a 50 day moving average of $10.59 and a 200-day moving average of $10.99.

AllianceBernstein National Municipal Income Fund (NYSE:AFBGet Rating) last announced its quarterly earnings data on Friday, December 30th. The investment management company reported $0.12 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 20th. Investors of record on Friday, January 6th will be given a $0.033 dividend. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $0.40 annualized dividend and a yield of 3.63%. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.03.

AllianceBernstein National Municipal Income Fund Profile

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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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Institutional Ownership by Quarter for AllianceBernstein National Municipal Income Fund (NYSE:AFB)

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