Capital Investment Advisors LLC Sells 1,849 Shares of AllianceBernstein National Municipal Income Fund, Inc. $AFB

Capital Investment Advisors LLC lowered its holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,983 shares of the investment management company’s stock after selling 1,849 shares during the quarter. Capital Investment Advisors LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AFB. Bank of America Corp DE increased its stake in AllianceBernstein National Municipal Income Fund by 8.1% in the fourth quarter. Bank of America Corp DE now owns 54,903 shares of the investment management company’s stock valued at $597,000 after acquiring an additional 4,128 shares during the period. CX Institutional bought a new stake in AllianceBernstein National Municipal Income Fund in the first quarter valued at about $93,000. Balanced Wealth Group LLC boosted its position in AllianceBernstein National Municipal Income Fund by 11.9% in the first quarter. Balanced Wealth Group LLC now owns 113,030 shares of the investment management company’s stock valued at $1,228,000 after buying an additional 12,035 shares in the last quarter. Inscription Capital LLC acquired a new position in AllianceBernstein National Municipal Income Fund in the first quarter valued at about $135,000. Finally, Riverbridge Partners LLC boosted its position in AllianceBernstein National Municipal Income Fund by 9.5% in the first quarter. Riverbridge Partners LLC now owns 66,142 shares of the investment management company’s stock valued at $718,000 after buying an additional 5,758 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Performance

NYSE:AFB opened at $10.82 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a 12 month low of $9.78 and a 12 month high of $11.91. The company’s 50-day moving average price is $10.48 and its two-hundred day moving average price is $10.39.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its earnings results on Friday, September 26th. The investment management company reported $0.14 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.0466 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Thursday, October 2nd.

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.