Insider Selling: AllianceBernstein National Municipal Income Fund (NYSE:AFB) Director Sells 13,500 Shares of Stock

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Director Garry Moody sold 13,500 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $10.96, for a total value of $147,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AllianceBernstein National Municipal Income Fund Trading Up 0.2%

AFB stock traded up $0.02 during trading on Wednesday, hitting $10.98. 99,347 shares of the company traded hands, compared to its average volume of 118,506. The company has a 50-day moving average of $10.83 and a 200-day moving average of $10.87. AllianceBernstein National Municipal Income Fund, Inc. has a 1 year low of $10.05 and a 1 year high of $11.13.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings data on Friday, March 27th. The investment management company reported $0.17 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 2nd were issued a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Thursday, April 2nd.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 22.3% during the first quarter. Royal Bank of Canada now owns 241,426 shares of the investment management company’s stock worth $2,622,000 after purchasing an additional 43,982 shares during the period. Geneos Wealth Management Inc. raised its position in AllianceBernstein National Municipal Income Fund by 328.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after purchasing an additional 5,608 shares during the last quarter. Jane Street Group LLC bought a new position in AllianceBernstein National Municipal Income Fund during the 2nd quarter valued at approximately $119,000. Captrust Financial Advisors purchased a new stake in AllianceBernstein National Municipal Income Fund in the 2nd quarter worth approximately $103,000. Finally, Nomura Holdings Inc. bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter worth approximately $103,000.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund (NYSE: AFB) is a closed-end management investment company that primarily seeks to provide shareholders with a high level of federally tax-exempt income. The fund invests predominantly in a diversified portfolio of investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. These instruments include general obligation bonds, revenue bonds and other municipal debt obligations that offer tax-advantaged income potential for investors.

Under the management of AllianceBernstein L.P., the fund’s portfolio is constructed and monitored by a dedicated team of municipal credit analysts and portfolio managers.