Balanced Wealth Group LLC Sells 98,717 Shares of AllianceBernstein National Municipal Income Fund, Inc. $AFB

Balanced Wealth Group LLC cut its holdings in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 87.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,313 shares of the investment management company’s stock after selling 98,717 shares during the period. Balanced Wealth Group LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AFB. Allworth Financial LP bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the second quarter worth approximately $72,000. Geneos Wealth Management Inc. boosted its stake in AllianceBernstein National Municipal Income Fund by 328.5% in the first quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after acquiring an additional 5,608 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in AllianceBernstein National Municipal Income Fund during the 2nd quarter worth $102,000. Duncker Streett & Co. Inc. bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter valued at $113,000. Finally, Ackerman Capital Advisors LLC lifted its stake in shares of 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 purchasing an additional 3,686 shares during the period.

Insiders Place Their Bets

In other news, Director Garry L. Moody acquired 13,500 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average price of $11.07 per share, for a total transaction of $149,445.00. Following the completion of the acquisition, the director owned 13,500 shares in the company, valued at $149,445. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

AllianceBernstein National Municipal Income Fund Stock Performance

NYSE:AFB opened at $10.87 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a 12-month low of $9.78 and a 12-month high of $11.58. The stock’s fifty day simple moving average is $10.90 and its 200-day simple moving average is $10.52.

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

AllianceBernstein National Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 19th. Investors of record on Thursday, December 4th will be paid a dividend of $0.0502 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a c) annualized dividend and a yield of 5.5%.

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.