AllianceBernstein National Municipal Income Fund, Inc. $AFB Shares Sold by Balanced Wealth Group LLC

Balanced Wealth Group LLC reduced its stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 87.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,718 shares of the investment management company’s stock after selling 89,402 shares during the quarter. Balanced Wealth Group LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $139,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Noble Wealth Management PBC boosted its position in AllianceBernstein National Municipal Income Fund by 170.1% in the 4th quarter. Noble Wealth Management PBC now owns 55,182 shares of the investment management company’s stock worth $597,000 after purchasing an additional 34,750 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 2.1% during the 3rd quarter. Bank of America Corp DE now owns 59,833 shares of the investment management company’s stock valued at $649,000 after purchasing an additional 1,234 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 375.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 286,422 shares of the investment management company’s stock valued at $3,108,000 after purchasing an additional 226,131 shares in the last quarter. Pathstone Holdings LLC lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 7.2% in the 3rd quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company’s stock valued at $23,253,000 after purchasing an additional 144,091 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 5.0% in the 3rd quarter. Van ECK Associates Corp now owns 210,562 shares of the investment management company’s stock valued at $2,285,000 after purchasing an additional 10,100 shares during the period.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE AFB opened at $10.49 on Friday. The company’s fifty day moving average price is $10.91 and its 200 day moving average price is $10.88. AllianceBernstein National Municipal Income Fund, Inc. has a 1 year low of $9.78 and a 1 year high of $11.13.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings data on Friday, December 26th. The investment management company reported $0.13 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.0502 per share. The ex-dividend date is Thursday, April 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

AllianceBernstein National Municipal Income Fund Profile

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end management investment company that primarily seeks to provide shareholders with a high level of federally tax-exempt income. The fund invests predominantly in a diversified portfolio of investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. These instruments include general obligation bonds, revenue bonds and other municipal debt obligations that offer tax-advantaged income potential for investors.

Under the management of AllianceBernstein L.P., the fund’s portfolio is constructed and monitored by a dedicated team of municipal credit analysts and portfolio managers.