AllianceBernstein National Municipal Income Fund (NYSE:AFB) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.97 and traded as high as $11.48. AllianceBernstein National Municipal Income Fund shares last traded at $11.3910, with a volume of 150,075 shares changing hands.

AllianceBernstein National Municipal Income Fund Stock Up 0.0%

The firm’s fifty day simple moving average is $11.20 and its 200 day simple moving average is $10.97.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings results on Friday, June 26th. The investment management company reported $0.15 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be paid a $0.0502 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, July 2nd.

Insider Transactions at AllianceBernstein National Municipal Income Fund

In related news, Director R Jay Gerken acquired 2,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $10.96 per share, with a total value of $27,400.00. Following the completion of the transaction, the director owned 2,500 shares of the company’s stock, valued at approximately $27,400. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Garry L. Moody sold 13,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $10.96, for a total transaction of $147,960.00. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

A number of institutional investors have recently modified their holdings of AFB. Elyxium Wealth LLC purchased a new position in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter valued at $43,000. Global Retirement Partners LLC boosted its position in 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 valued at $51,000 after purchasing an additional 3,670 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in AllianceBernstein National Municipal Income Fund during the third quarter valued at $65,000. Geneos Wealth Management Inc. grew its stake 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. Finally, Nomura Holdings Inc. acquired a new position in AllianceBernstein National Municipal Income Fund in the 2nd quarter worth about $103,000.

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.