AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 15.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 219,939 shares of the investment management company’s stock after acquiring an additional 28,935 shares during the quarter. Van ECK Associates Corp’s holdings in AllianceBernstein National Municipal Income Fund were worth $2,384,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter valued at approximately $27,000. Wolverine Asset Management LLC acquired a new stake in AllianceBernstein National Municipal Income Fund in the third quarter valued at approximately $56,000. Blue Bell Private Wealth Management LLC acquired a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter valued at approximately $107,000. Almitas Capital LLC acquired a new stake in AllianceBernstein National Municipal Income Fund in the third quarter valued at approximately $118,000. Finally, Landscape Capital Management L.L.C. boosted its stake in AllianceBernstein National Municipal Income Fund by 9.7% in the third quarter. Landscape Capital Management L.L.C. now owns 16,038 shares of the investment management company’s stock valued at $150,000 after acquiring an additional 1,422 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of AFB opened at $10.73 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a twelve month low of $8.95 and a twelve month high of $11.05. The company has a 50 day moving average of $10.74 and a two-hundred day moving average of $10.56.

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

AllianceBernstein National Municipal Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a $0.033 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.69%. This is a boost from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.03.

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.