Ackerman Capital Advisors LLC bought a new position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,317 shares of the investment management company’s stock, valued at approximately $112,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in AllianceBernstein National Municipal Income Fund during the third quarter valued at approximately $139,000. Sanctuary Advisors LLC bought a new position in shares of AllianceBernstein National Municipal Income Fund in the third quarter valued at $181,000. Wolverine Asset Management LLC increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 39.6% in the third quarter. Wolverine Asset Management LLC now owns 26,782 shares of the investment management company’s stock valued at $316,000 after buying an additional 7,600 shares in the last quarter. Stifel Financial Corp lifted its position in shares of AllianceBernstein National Municipal Income Fund by 4.3% during the 3rd quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock valued at $422,000 after acquiring an additional 1,460 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 4.4% during the 4th quarter. Dakota Wealth Management now owns 43,066 shares of the investment management company’s stock worth $468,000 after acquiring an additional 1,800 shares in the last quarter.
AllianceBernstein National Municipal Income Fund Price Performance
Shares of AFB opened at $11.25 on Wednesday. The business’s 50-day moving average price is $10.99 and its 200 day moving average price is $11.30. AllianceBernstein National Municipal Income Fund, Inc. has a 1-year low of $10.33 and a 1-year high of $11.95.
AllianceBernstein National Municipal Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, March 6th will be paid a $0.0396 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, March 6th.
AllianceBernstein National Municipal Income Fund Profile
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.
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