AllianceBernstein National Municipal Income Fund (NYSE:AFB) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.85 and traded as low as $10.77. AllianceBernstein National Municipal Income Fund shares last traded at $10.7850, with a volume of 173,880 shares.

AllianceBernstein National Municipal Income Fund Stock Performance

The stock has a fifty day simple moving average of $10.96 and a 200-day simple moving average of $10.85.

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

AllianceBernstein National Municipal Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 20th. Shareholders of record on Thursday, March 5th will be paid a $0.0502 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Thursday, March 5th. This is a positive change from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Several hedge funds have recently made changes to their positions in AFB. Royal Bank of Canada lifted its position in shares of AllianceBernstein National Municipal Income Fund by 22.3% in the first quarter. Royal Bank of Canada now owns 241,426 shares of the investment management company’s stock worth $2,622,000 after purchasing an additional 43,982 shares in the last quarter. Geneos Wealth Management Inc. grew its position 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 purchasing an additional 5,608 shares in the last quarter. Envestnet Asset Management Inc. grew its position in AllianceBernstein National Municipal Income Fund by 43.0% in the second quarter. Envestnet Asset Management Inc. now owns 45,124 shares of the investment management company’s stock valued at $465,000 after purchasing an additional 13,558 shares in the last quarter. Allworth Financial LP acquired a new stake in AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at $72,000. Finally, Traub Capital Management LLC bought a new stake in AllianceBernstein National Municipal Income Fund during the 2nd quarter worth about $442,000.

AllianceBernstein National Municipal Income Fund Company 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.