AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Stake Reduced by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 519,281 shares of the investment management company’s stock after selling 20,108 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $6,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. City of London Investment Management Co. Ltd. bought a new stake in AllianceBernstein National Municipal Income Fund during the second quarter worth approximately $2,488,000. Almitas Capital LLC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 265.1% in the 2nd quarter. Almitas Capital LLC now owns 149,896 shares of the investment management company’s stock worth $1,665,000 after acquiring an additional 108,842 shares during the last quarter. Whitebox Advisors LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the second quarter worth $1,189,000. Rothschild Investment LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at $891,000. Finally, Advisors Asset Management Inc. increased its stake in AllianceBernstein National Municipal Income Fund by 31.3% in the 1st quarter. Advisors Asset Management Inc. now owns 305,880 shares of the investment management company’s stock worth $3,362,000 after purchasing an additional 72,914 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Down 1.7 %

AFB stock opened at $11.31 on Thursday. The firm has a 50-day moving average of $11.58 and a two-hundred day moving average of $11.17. AllianceBernstein National Municipal Income Fund, Inc. has a one year low of $9.00 and a one year high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its earnings results on Friday, September 27th. The investment management company reported $0.11 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, October 3rd were paid a $0.0396 dividend. This represents a $0.48 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Thursday, October 3rd. This is a positive change from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.04.

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.