AllianceBernstein National Municipal Income Fund (NYSE:AFB) Shares Cross Below 200-Day Moving Average – Here’s Why

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.31 and traded as low as $11.12. AllianceBernstein National Municipal Income Fund shares last traded at $11.13, with a volume of 43,051 shares trading hands.

AllianceBernstein National Municipal Income Fund Stock Performance

The company’s 50 day moving average price is $11.03 and its two-hundred day moving average price is $11.31.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings results on Monday, December 30th. The investment management company reported $0.10 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 6th will be given a $0.0396 dividend. The ex-dividend date is Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.27%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Pathstone Holdings LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 5.0% in the 3rd quarter. Pathstone Holdings LLC now owns 2,032,729 shares of the investment management company’s stock valued at $23,988,000 after acquiring an additional 96,119 shares during the last quarter. Rivernorth Capital Management LLC raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 24.2% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock valued at $14,068,000 after purchasing an additional 232,205 shares in the last quarter. Keybank National Association OH raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 29.8% in the 4th quarter. Keybank National Association OH now owns 883,524 shares of the investment management company’s stock valued at $9,604,000 after purchasing an additional 203,057 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in AllianceBernstein National Municipal Income Fund by 2.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 814,453 shares of the investment management company’s stock worth $8,853,000 after acquiring an additional 23,304 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in AllianceBernstein National Municipal Income Fund by 14.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 592,728 shares of the investment management company’s stock worth $6,443,000 after purchasing an additional 73,447 shares during the last quarter.

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.