Wolverine Asset Management LLC Buys 2,927 Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Wolverine Asset Management LLC boosted its stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 48.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,953 shares of the investment management company’s stock after acquiring an additional 2,927 shares during the period. Wolverine Asset Management LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $97,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AFB. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter worth $27,000. Blue Bell Private Wealth Management LLC bought a new position in AllianceBernstein National Municipal Income Fund in the 4th quarter valued at about $107,000. Almitas Capital LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter valued at approximately $118,000. Advisors Asset Management Inc. boosted its position in shares of AllianceBernstein National Municipal Income Fund by 47.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 140,623 shares of the investment management company’s stock worth $1,313,000 after acquiring an additional 45,369 shares in the last quarter. Finally, AQR Arbitrage LLC increased its stake in AllianceBernstein National Municipal Income Fund by 44.5% in the third quarter. AQR Arbitrage LLC now owns 236,082 shares of the investment management company’s stock valued at $2,205,000 after acquiring an additional 72,700 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Stock Performance

NYSE AFB opened at $10.46 on Monday. AllianceBernstein National Municipal Income Fund, Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $11.05. The business has a fifty day moving average price of $10.78 and a two-hundred day moving average price of $10.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings data on Friday, March 22nd. The investment management company reported $0.10 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $0.033 dividend. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.40 annualized dividend and a yield of 3.79%.

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.