AllianceBernstein National Municipal Income Fund (NYSE:AFB) Share Price Passes Above Fifty Day Moving Average of $10.86

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.86 and traded as high as $10.93. AllianceBernstein National Municipal Income Fund shares last traded at $10.90, with a volume of 35,881 shares.

AllianceBernstein National Municipal Income Fund Stock Down 0.1 %

The business has a fifty day simple moving average of $10.86 and a 200 day simple moving average of $10.35.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings data on Friday, March 22nd. The investment management company reported $0.10 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be paid a $0.0327 dividend. The ex-dividend date of this dividend is Thursday, April 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of AllianceBernstein National Municipal Income Fund in the fourth quarter valued at approximately $27,000. Wolverine Asset Management LLC bought a new stake in AllianceBernstein National Municipal Income Fund during the third quarter worth $56,000. Steward Partners Investment Advisory LLC lifted its holdings in AllianceBernstein National Municipal Income Fund by 60.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,727 shares of the investment management company’s stock worth $102,000 after acquiring an additional 3,680 shares during the period. Blue Bell Private Wealth Management LLC purchased a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter worth $107,000. Finally, JPMorgan Chase & Co. purchased a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter worth $108,000.

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.