Advisors Asset Management Inc. Has $5.99 Million Stake in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Advisors Asset Management Inc. increased its stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 10.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 580,533 shares of the investment management company’s stock after acquiring an additional 53,744 shares during the quarter. Advisors Asset Management Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $5,985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP acquired a new stake in AllianceBernstein National Municipal Income Fund in the second quarter worth $72,000. Geneos Wealth Management Inc. boosted its position in shares of AllianceBernstein National Municipal Income Fund by 328.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock worth $79,000 after purchasing an additional 5,608 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at about $102,000. Duncker Streett & Co. Inc. bought a new stake in AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at about $113,000. Finally, Ackerman Capital Advisors LLC increased its position in AllianceBernstein National Municipal Income Fund by 35.7% in the 1st quarter. Ackerman Capital Advisors LLC now owns 14,003 shares of the investment management company’s stock valued at $152,000 after buying an additional 3,686 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of AllianceBernstein National Municipal Income Fund stock opened at $10.87 on Thursday. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $9.78 and a 52 week high of $11.58. The stock has a 50 day moving average price of $10.90 and a two-hundred day moving average price of $10.51.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings results on Friday, September 26th. The investment management company reported $0.14 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, December 19th. Investors of record on Thursday, December 4th will be issued a $0.0502 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Thursday, December 4th.

Insiders Place Their Bets

In related news, Director Garry L. Moody acquired 13,500 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $11.07 per share, with a total value of $149,445.00. Following the acquisition, the director owned 13,500 shares of the company’s stock, valued at approximately $149,445. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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.