AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Stock Position Lowered by Karpus Management Inc.

Karpus Management Inc. lowered its holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 0.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 203,954 shares of the investment management company’s stock after selling 1,700 shares during the quarter. Karpus Management Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $2,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Nations Financial Group Inc. IA ADV boosted its holdings in AllianceBernstein National Municipal Income Fund by 3.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 48,970 shares of the investment management company’s stock worth $531,000 after buying an additional 1,830 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in AllianceBernstein National Municipal Income Fund during the 4th quarter worth about $27,000. Wolverine Asset Management LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 48.6% during the 4th quarter. Wolverine Asset Management LLC now owns 8,953 shares of the investment management company’s stock worth $97,000 after buying an additional 2,927 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 79.8% in the first quarter. Blue Bell Private Wealth Management LLC now owns 17,800 shares of the investment management company’s stock worth $196,000 after buying an additional 7,900 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 844,076 shares of the investment management company’s stock worth $9,150,000 after buying an additional 11,087 shares during the period.

Insider Buying and Selling

In other AllianceBernstein National Municipal Income Fund news, major shareholder Saba Capital Management, L.P. bought 6,099 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were bought at an average price of $10.82 per share, for a total transaction of $65,991.18. Following the acquisition, the insider now directly owns 3,114,146 shares of the company’s stock, valued at $33,695,059.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders acquired 141,144 shares of company stock valued at $1,541,501.

AllianceBernstein National Municipal Income Fund Stock Up 0.2 %

Shares of AFB stock traded up $0.02 during trading hours on Thursday, reaching $11.17. 36,226 shares of the stock traded hands, compared to its average volume of 68,517. AllianceBernstein National Municipal Income Fund, Inc. has a 1-year low of $8.95 and a 1-year high of $11.32. The business has a fifty day moving average price of $11.03 and a 200 day moving average price of $10.87.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its earnings results on Friday, June 28th. The investment management company reported $0.10 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 16th. Investors of record on Thursday, August 1st will be paid a $0.0327 dividend. This represents a $0.39 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, August 1st.

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.