Raymond James Financial Inc. Invests $268,000 in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Raymond James Financial Inc. acquired a new stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,673 shares of the investment management company’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ackerman Capital Advisors LLC purchased a new stake in AllianceBernstein National Municipal Income Fund during the fourth quarter valued at about $112,000. LifeGoal Wealth Advisors bought a new position in AllianceBernstein National Municipal Income Fund during the fourth quarter valued at approximately $116,000. Noble Wealth Management PBC bought a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter worth $153,000. Sanctuary Advisors LLC purchased a new stake in AllianceBernstein National Municipal Income Fund during the 3rd quarter valued at about $181,000. Finally, Stifel Financial Corp boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 4.3% during the third quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock valued at $422,000 after purchasing an additional 1,460 shares during the period.

AllianceBernstein National Municipal Income Fund Stock Performance

Shares of NYSE:AFB opened at $9.91 on Friday. The stock’s 50-day moving average is $10.95 and its 200 day moving average is $11.15. AllianceBernstein National Municipal Income Fund, Inc. has a 1 year low of $9.89 and a 1 year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its earnings results on Friday, March 28th. The investment management company reported $0.12 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.0396 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.80%.

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.