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

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.82 and traded as low as $9.39. AllianceBernstein National Municipal Income Fund shares last traded at $9.4150, with a volume of 87,134 shares traded.

AllianceBernstein National Municipal Income Fund Trading Down 0.6%

The stock’s fifty day simple moving average is $10.34 and its two-hundred day simple moving average is $10.81.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, September 25th. The investment management company reported $0.16 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 1st will be issued a $0.0502 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Thursday, October 1st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter valued at about $33,000. Noble Wealth Management PBC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 5.9% in the second quarter. Noble Wealth Management PBC now owns 68,341 shares of the investment management company’s stock valued at $780,000 after buying an additional 3,796 shares during the period. Arete Wealth Advisors LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 80.6% in the first quarter. Arete Wealth Advisors LLC now owns 34,137 shares of the investment management company’s stock valued at $363,000 after buying an additional 15,235 shares during the period. Bank of America Corp DE increased its stake in shares of AllianceBernstein National Municipal Income Fund by 18.0% in the first quarter. Bank of America Corp DE now owns 66,506 shares of the investment management company’s stock valued at $711,000 after buying an additional 10,126 shares during the period. Finally, Rivernorth Capital Management LLC raised its position in shares of AllianceBernstein National Municipal Income Fund by 2.1% during the first quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock worth $11,347,000 after acquiring an additional 21,639 shares during the last quarter.

About AllianceBernstein National Municipal Income Fund

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end investment company that seeks to provide a high level of current income exempt from regular U.S. federal income tax. The fund invests primarily in municipal debt securities issued by states, cities, counties, public authorities and other governmental entities.

Managed by AllianceBernstein L.P., the fund provides investors with access to a diversified portfolio of tax-exempt municipal bonds across the United States.