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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.98 and traded as low as $10.23. AllianceBernstein National Municipal Income Fund shares last traded at $10.25, with a volume of 81,535 shares traded.

AllianceBernstein National Municipal Income Fund Trading Down 0.2%

The business’s fifty day moving average is $10.89 and its two-hundred day moving average is $10.97.

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

AllianceBernstein National Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 18th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.0502 per share. The ex-dividend date is Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 6.0%.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

A number of hedge funds have recently made changes to their positions in AFB. Elyxium Wealth LLC bought a new position in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter worth approximately $43,000. Independent Advisor Alliance acquired a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter valued at approximately $162,000. Financially in Tune LLC purchased a new position in AllianceBernstein National Municipal Income Fund in the fourth quarter worth $234,000. Balanced Wealth Group LLC grew its holdings in AllianceBernstein National Municipal Income Fund by 82.8% in the first quarter. Balanced Wealth Group LLC now owns 23,245 shares of the investment management company’s stock worth $248,000 after purchasing an additional 10,527 shares during the last quarter. Finally, Catalina Capital Group LLC increased its position in shares of AllianceBernstein National Municipal Income Fund by 39.7% during the first quarter. Catalina Capital Group LLC now owns 27,513 shares of the investment management company’s stock worth $294,000 after purchasing an additional 7,823 shares in the last quarter.

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.