Rareview Capital LLC Purchases New Position in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Rareview Capital LLC purchased a new stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 420,224 shares of the investment management company’s stock, valued at approximately $4,333,000. AllianceBernstein National Municipal Income Fund comprises about 2.5% of Rareview Capital LLC’s investment portfolio, making the stock its 11th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 22.3% in the 1st quarter. Royal Bank of Canada now owns 241,426 shares of the investment management company’s stock valued at $2,622,000 after buying an additional 43,982 shares in the last quarter. Geneos Wealth Management Inc. lifted 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 acquiring an additional 5,608 shares during the last quarter. Jane Street Group LLC purchased a new stake in AllianceBernstein National Municipal Income Fund in the second quarter valued at $119,000. Captrust Financial Advisors purchased a new stake in AllianceBernstein National Municipal Income Fund in the second quarter valued at $103,000. Finally, Nomura Holdings Inc. acquired a new position in AllianceBernstein National Municipal Income Fund in the second quarter valued at $103,000.

AllianceBernstein National Municipal Income Fund Stock Up 0.0%

Shares of AFB stock opened at $11.39 on Friday. The stock’s 50-day moving average is $11.20 and its two-hundred day moving average is $10.97. AllianceBernstein National Municipal Income Fund, Inc. has a 1 year low of $10.05 and a 1 year high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its 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 company also recently declared a monthly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Thursday, July 2nd.

Insider Activity at AllianceBernstein National Municipal Income Fund

In other news, Director R Jay Gerken acquired 2,500 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $10.96 per share, with a total value of $27,400.00. Following the completion of the acquisition, the director owned 2,500 shares of the company’s stock, valued at $27,400. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Garry L. Moody sold 13,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was 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.

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.