Ameriprise Financial Inc. Raises Holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Ameriprise Financial Inc. increased its holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 34.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 60,397 shares of the investment management company’s stock after acquiring an additional 15,500 shares during the period. Ameriprise Financial Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $657,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AFB. Allspring Global Investments Holdings LLC grew its position in AllianceBernstein National Municipal Income Fund by 2.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 814,453 shares of the investment management company’s stock worth $8,853,000 after acquiring an additional 23,304 shares during the period. Van ECK Associates Corp grew its position in AllianceBernstein National Municipal Income Fund by 3.0% in the fourth quarter. Van ECK Associates Corp now owns 239,815 shares of the investment management company’s stock worth $2,607,000 after acquiring an additional 7,015 shares during the period. Bank of New York Mellon Corp grew its position in AllianceBernstein National Municipal Income Fund by 1.6% in the fourth quarter. Bank of New York Mellon Corp now owns 130,799 shares of the investment management company’s stock worth $1,422,000 after acquiring an additional 2,077 shares during the period. Ackerman Capital Advisors LLC purchased a new position in AllianceBernstein National Municipal Income Fund in the fourth quarter worth approximately $112,000. Finally, LifeGoal Wealth Advisors purchased a new position in AllianceBernstein National Municipal Income Fund in the fourth quarter worth approximately $116,000.

AllianceBernstein National Municipal Income Fund Stock Performance

AFB opened at $10.23 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $9.78 and a 52 week high of $11.95. The business has a fifty day simple moving average of $10.36 and a 200-day simple moving average of $10.83.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released 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 company also recently declared a monthly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.0396 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.48 annualized dividend and a dividend yield of 4.65%.

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.