Almitas Capital LLC Buys 108,842 Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Almitas Capital LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 265.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,896 shares of the investment management company’s stock after acquiring an additional 108,842 shares during the period. Almitas Capital LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $1,665,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AFB. Park Avenue Securities LLC bought a new stake in AllianceBernstein National Municipal Income Fund during the first quarter worth about $124,000. Inscription Capital LLC bought a new stake in AllianceBernstein National Municipal Income Fund during the first quarter worth about $131,000. Flow State Investments L.P. bought a new stake in AllianceBernstein National Municipal Income Fund during the fourth quarter worth about $171,000. Choreo LLC bought a new stake in AllianceBernstein National Municipal Income Fund during the second quarter worth about $252,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 84.8% during the second quarter. Blue Bell Private Wealth Management LLC now owns 32,902 shares of the investment management company’s stock worth $366,000 after acquiring an additional 15,102 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Trading Up 0.3 %

AFB opened at $11.67 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a 52-week low of $8.95 and a 52-week high of $11.81. The business’s 50-day simple moving average is $11.45 and its 200 day simple moving average is $11.07.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings results on Friday, June 28th. The investment management company reported $0.10 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.0396 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, October 3rd. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.04.

AllianceBernstein National Municipal Income Fund 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.