Bulldog Investors LLP increased its position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Free Report) by 143.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 939,906 shares of the investment management company’s stock after purchasing an additional 553,162 shares during the period. AllianceBernstein National Municipal Income Fund makes up about 2.7% of Bulldog Investors LLP’s portfolio, making the stock its 8th biggest holding. Bulldog Investors LLP’s holdings in AllianceBernstein National Municipal Income Fund were worth $10,219,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the company. Ackerman Capital Advisors LLC bought a new position in shares of AllianceBernstein National Municipal Income Fund in the 4th quarter valued at $112,000. LifeGoal Wealth Advisors bought a new position in AllianceBernstein National Municipal Income Fund in the fourth quarter valued at about $116,000. Itau Unibanco Holding S.A. acquired a new position in AllianceBernstein National Municipal Income Fund during the fourth quarter worth about $148,000. Noble Wealth Management PBC bought a new position in shares of AllianceBernstein National Municipal Income Fund in the fourth quarter worth about $153,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 30.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 22,442 shares of the investment management company’s stock valued at $244,000 after purchasing an additional 5,232 shares in the last quarter.
AllianceBernstein National Municipal Income Fund Price Performance
Shares of NYSE:AFB opened at $10.39 on Monday. The firm has a 50 day simple moving average of $10.65 and a 200 day simple moving average of $10.98. AllianceBernstein National Municipal Income Fund, Inc. has a one year low of $9.78 and a one year high of $11.95.
AllianceBernstein National Municipal Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, May 1st will be paid a $0.0396 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, May 1st.
About AllianceBernstein National Municipal Income Fund
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.
Further Reading
- Five stocks we like better than AllianceBernstein National Municipal Income Fund
- NYSE Stocks Give Investors a Variety of Quality Options
- Western Digital: Is the Storage Sector Set for a Rebound?
- 5 Top Rated Dividend Stocks to Consider
- Wingstop Stock Jumps on Q1 Beat, Expansion Outlook
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Why Energy Stocks Like Exxon and Hess Are Back in Focus
Want to see what other hedge funds are holding AFB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Free Report).
Receive News & Ratings for AllianceBernstein National Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AllianceBernstein National Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
