AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Shares Sold by Karpus Management Inc.

Karpus Management Inc. trimmed its position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 0.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 203,954 shares of the investment management company’s stock after selling 1,700 shares during the quarter. Karpus Management Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $2,241,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. TCG Advisory Services LLC purchased a new stake in shares of AllianceBernstein National Municipal Income Fund during the fourth quarter worth $325,000. Blue Bell Private Wealth Management LLC purchased a new stake in AllianceBernstein National Municipal Income Fund during the 4th quarter valued at about $107,000. Van ECK Associates Corp raised its holdings in AllianceBernstein National Municipal Income Fund by 15.1% in the 4th quarter. Van ECK Associates Corp now owns 219,939 shares of the investment management company’s stock valued at $2,384,000 after acquiring an additional 28,935 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in AllianceBernstein National Municipal Income Fund by 48.6% in the 4th quarter. Wolverine Asset Management LLC now owns 8,953 shares of the investment management company’s stock worth $97,000 after purchasing an additional 2,927 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 3.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 48,970 shares of the investment management company’s stock worth $531,000 after purchasing an additional 1,830 shares during the last quarter.

Insider Buying and Selling at AllianceBernstein National Municipal Income Fund

In other AllianceBernstein National Municipal Income Fund news, major shareholder Saba Capital Management, L.P. purchased 34,874 shares of the stock in a transaction dated Monday, June 24th. The stock was acquired at an average cost of $11.05 per share, for a total transaction of $385,357.70. Following the acquisition, the insider now owns 3,149,020 shares in the company, valued at approximately $34,796,671. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought 141,144 shares of company stock worth $1,541,501 in the last ninety days.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE:AFB traded up $0.02 during midday trading on Thursday, hitting $11.17. The company had a trading volume of 36,226 shares, compared to its average volume of 68,517. AllianceBernstein National Municipal Income Fund, Inc. has a twelve month low of $8.95 and a twelve month high of $11.32. The business’s 50-day simple moving average is $11.03 and its 200-day simple moving average is $10.87.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, June 28th. The investment management company reported $0.10 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 16th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.0327 per share. This represents a $0.39 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Thursday, August 1st.

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.