Commonwealth Equity Services LLC Lowers Stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Commonwealth Equity Services LLC lessened its holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,141 shares of the investment management company’s stock after selling 18,623 shares during the quarter. Commonwealth Equity Services LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $2,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. HighTower Advisors LLC boosted its position in shares of AllianceBernstein National Municipal Income Fund by 17.5% in the 4th quarter. HighTower Advisors LLC now owns 54,339 shares of the investment management company’s stock worth $591,000 after purchasing an additional 8,083 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in AllianceBernstein National Municipal Income Fund by 11.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 39,831 shares of the investment management company’s stock worth $433,000 after acquiring an additional 4,024 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of AllianceBernstein National Municipal Income Fund in the fourth quarter worth $268,000. Keybank National Association OH grew its stake in shares of AllianceBernstein National Municipal Income Fund by 29.8% in the fourth quarter. Keybank National Association OH now owns 883,524 shares of the investment management company’s stock worth $9,604,000 after acquiring an additional 203,057 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new position in shares of AllianceBernstein National Municipal Income Fund during the fourth quarter valued at $153,000.

AllianceBernstein National Municipal Income Fund Trading Down 0.6 %

Shares of AllianceBernstein National Municipal Income Fund stock opened at $10.95 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a 1 year low of $10.33 and a 1 year high of $11.95. The firm’s 50-day moving average is $11.07 and its 200 day moving average is $11.24.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its 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 firm also recently announced a monthly dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.0396 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.48 annualized dividend and a yield of 4.34%.

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.