AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 10.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,573 shares of the investment management company’s stock after acquiring an additional 13,417 shares during the quarter. LPL Financial LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $1,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Logan Stone Capital LLC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 1,123.0% in the 4th quarter. Logan Stone Capital LLC now owns 355,187 shares of the investment management company’s stock worth $3,722,000 after acquiring an additional 326,145 shares during the last quarter. Karpus Management Inc. increased its stake in AllianceBernstein National Municipal Income Fund by 27.9% in the 1st quarter. Karpus Management Inc. now owns 1,050,091 shares of the investment management company’s stock worth $11,498,000 after purchasing an additional 229,302 shares in the last quarter. Guggenheim Capital LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 51.8% during the 1st quarter. Guggenheim Capital LLC now owns 327,098 shares of the investment management company’s stock worth $4,119,000 after buying an additional 111,574 shares during the period. Wells Fargo & Company MN raised its holdings in AllianceBernstein National Municipal Income Fund by 28.1% during the 2nd quarter. Wells Fargo & Company MN now owns 466,121 shares of the investment management company’s stock worth $5,393,000 after buying an additional 102,200 shares during the period. Finally, Arete Wealth Advisors LLC purchased a new stake in AllianceBernstein National Municipal Income Fund during the first quarter valued at about $464,000.

AllianceBernstein National Municipal Income Fund Trading Up 1.6 %

Shares of AFB opened at $10.14 on Wednesday. The company has a 50-day moving average of $9.57 and a two-hundred day moving average of $10.19. AllianceBernstein National Municipal Income Fund, Inc. has a one year low of $8.95 and a one year high of $11.46.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings data on Friday, September 29th. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.0327 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.87%.

About AllianceBernstein National Municipal Income Fund

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.