AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Declares $0.03 Dividend

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) announced a dividend on Tuesday, March 26th, NASDAQ reports. Investors of record on Friday, April 5th will be given a dividend of 0.0327 per share by the investment management company on Friday, April 19th. The ex-dividend date of this dividend is Thursday, April 4th.

AllianceBernstein National Municipal Income Fund Trading Down 0.1 %

Shares of AllianceBernstein National Municipal Income Fund stock traded down $0.01 on Wednesday, hitting $10.84. 67,663 shares of the company were exchanged, compared to its average volume of 70,410. The company has a 50-day moving average price of $10.86 and a 200 day moving average price of $10.35. AllianceBernstein National Municipal Income Fund has a 1-year low of $8.95 and a 1-year high of $11.05.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its earnings results on Friday, March 22nd. The investment management company reported $0.10 earnings per share for the quarter.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Several institutional investors have recently made changes to their positions in AFB. Raymond James & Associates raised its position in shares of AllianceBernstein National Municipal Income Fund by 72.9% during the 1st quarter. Raymond James & Associates now owns 20,134 shares of the investment management company’s stock valued at $253,000 after buying an additional 8,488 shares during the period. Nations Financial Group Inc. IA ADV purchased a new stake in AllianceBernstein National Municipal Income Fund in the first quarter valued at approximately $261,000. City of London Investment Management Co. Ltd. raised its position in AllianceBernstein National Municipal Income Fund by 25.1% in the first quarter. City of London Investment Management Co. Ltd. now owns 77,296 shares of the investment management company’s stock valued at $972,000 after purchasing an additional 15,526 shares during the period. UBS Group AG raised its position in AllianceBernstein National Municipal Income Fund by 4.5% in the first quarter. UBS Group AG now owns 521,319 shares of the investment management company’s stock valued at $6,564,000 after purchasing an additional 22,387 shares during the period. Finally, Guggenheim Capital LLC raised its position in AllianceBernstein National Municipal Income Fund by 51.8% in the first quarter. Guggenheim Capital LLC now owns 327,098 shares of the investment management company’s stock valued at $4,119,000 after purchasing an additional 111,574 shares during the period.

AllianceBernstein National Municipal Income Fund Company 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.