AllianceBernstein National Municipal Income Fund, Inc. $AFB Shares Sold by Bulldog Investors LLP

Bulldog Investors LLP cut its stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 20.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 931,099 shares of the investment management company’s stock after selling 233,091 shares during the period. AllianceBernstein National Municipal Income Fund makes up 2.3% of Bulldog Investors LLP’s investment portfolio, making the stock its 10th biggest holding. Bulldog Investors LLP’s holdings in AllianceBernstein National Municipal Income Fund were worth $10,102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AFB. PNC Financial Services Group Inc. acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the third quarter valued at approximately $65,000. Allworth Financial LP acquired a new position in AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at $72,000. Geneos Wealth Management Inc. increased its stake in AllianceBernstein National Municipal Income Fund by 328.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after buying an additional 5,608 shares during the period. Nomura Holdings Inc. purchased a new position in AllianceBernstein National Municipal Income Fund during the 2nd quarter worth $103,000. Finally, Captrust Financial Advisors acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the second quarter worth about $103,000.

AllianceBernstein National Municipal Income Fund Stock Down 0.3%

Shares of AFB opened at $10.74 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a twelve month low of $9.78 and a twelve month high of $11.13. The stock’s 50 day moving average is $10.95 and its two-hundred day moving average is $10.86.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, December 26th. The investment management company reported $0.13 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 20th. Investors of record on Thursday, March 5th will be issued a dividend of $0.0502 per share. This is a boost from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Thursday, March 5th.

AllianceBernstein National Municipal Income Fund 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.