LPL Financial LLC Sells 1,210 Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

LPL Financial LLC cut its stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,156 shares of the investment management company’s stock after selling 1,210 shares during the quarter. LPL Financial LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $1,154,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Rivernorth Capital Management LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 24.2% during the third quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock valued at $14,068,000 after buying an additional 232,205 shares during the period. Keybank National Association OH raised its stake in AllianceBernstein National Municipal Income Fund by 29.8% in the 4th quarter. Keybank National Association OH now owns 883,524 shares of the investment management company’s stock worth $9,604,000 after acquiring an additional 203,057 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in AllianceBernstein National Municipal Income Fund by 27.5% during the 4th quarter. Advisors Asset Management Inc. now owns 581,856 shares of the investment management company’s stock valued at $6,325,000 after acquiring an additional 125,619 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in AllianceBernstein National Municipal Income Fund by 14.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 592,728 shares of the investment management company’s stock valued at $6,443,000 after acquiring an additional 73,447 shares during the period. Finally, Riverbridge Partners LLC raised its position in shares of AllianceBernstein National Municipal Income Fund by 185.5% in the fourth quarter. Riverbridge Partners LLC now owns 60,384 shares of the investment management company’s stock worth $656,000 after acquiring an additional 39,236 shares during the period.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of AFB opened at $10.19 on Friday. The stock’s 50 day moving average is $10.83 and its two-hundred day moving average is $11.08. AllianceBernstein National Municipal Income Fund, Inc. has a 12 month low of $9.78 and a 12 month high of $11.95.

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

AllianceBernstein National Municipal Income Fund Dividend Announcement

The business 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. This represents a $0.48 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, April 3rd.

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.