AllianceBernstein National Municipal Income Fund (NYSE:AFB) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.87 and traded as high as $10.98. AllianceBernstein National Municipal Income Fund shares last traded at $10.9650, with a volume of 124,324 shares changing hands.

AllianceBernstein National Municipal Income Fund Stock Performance

The business’s 50 day simple moving average is $10.83 and its 200 day simple moving average is $10.87.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings data on Friday, March 27th. The investment management company reported $0.17 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd were given a $0.0502 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Thursday, April 2nd.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the fourth quarter worth approximately $43,000. Global Retirement Partners LLC boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 367.0% during the fourth quarter. Global Retirement Partners LLC now owns 4,670 shares of the investment management company’s stock worth $51,000 after purchasing an additional 3,670 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the third quarter worth approximately $65,000. Geneos Wealth Management Inc. boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 328.5% during the first 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 during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the second quarter worth approximately $103,000.

About AllianceBernstein National Municipal Income Fund

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.