Advisors Asset Management Inc. Acquires 125,619 Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Advisors Asset Management Inc. raised its holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 27.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 581,856 shares of the investment management company’s stock after buying an additional 125,619 shares during the quarter. Advisors Asset Management Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $6,325,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Stifel Financial Corp grew its position in shares of AllianceBernstein National Municipal Income Fund by 4.3% in the 3rd quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock worth $422,000 after buying an additional 1,460 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the third quarter valued at approximately $181,000. HighTower Advisors LLC boosted its position in shares of AllianceBernstein National Municipal Income Fund by 10.4% during the third quarter. HighTower Advisors LLC now owns 46,256 shares of the investment management company’s stock valued at $548,000 after purchasing an additional 4,346 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of AllianceBernstein National Municipal Income Fund by 3.0% during the fourth quarter. Van ECK Associates Corp now owns 239,815 shares of the investment management company’s stock valued at $2,607,000 after purchasing an additional 7,015 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of AllianceBernstein National Municipal Income Fund by 2.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 814,453 shares of the investment management company’s stock valued at $8,853,000 after purchasing an additional 23,304 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Performance

NYSE AFB opened at $10.84 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a twelve month low of $10.33 and a twelve month high of $11.95. The stock’s 50 day moving average is $11.05 and its 200 day moving average is $11.26.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Monday, December 30th. The investment management company reported $0.10 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.0396 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, March 6th.

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.