Rareview Capital LLC lessened its position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB – Free Report) by 59.6% in the 2nd quarter, Holdings Channel reports. The fund owned 169,976 shares of the investment management company’s stock after selling 250,248 shares during the period. AllianceBernstein National Municipal Income Fund accounts for approximately 1.0% of Rareview Capital LLC’s holdings, making the stock its 29th biggest position. Rareview Capital LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $1,939,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its position in AllianceBernstein National Municipal Income Fund by 0.5% in the fourth quarter. Royal Bank of Canada now owns 215,218 shares of the investment management company’s stock valued at $2,329,000 after purchasing an additional 1,070 shares during the period. Bank of America Corp DE boosted its holdings in AllianceBernstein National Municipal Income Fund by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 59,833 shares of the investment management company’s stock valued at $649,000 after purchasing an additional 1,234 shares in the last quarter. Wells Fargo & Company MN increased its position in AllianceBernstein National Municipal Income Fund by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 494,690 shares of the investment management company’s stock worth $5,353,000 after purchasing an additional 1,844 shares during the period. Envestnet Asset Management Inc. increased its position in AllianceBernstein National Municipal Income Fund by 5.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 47,519 shares of the investment management company’s stock worth $516,000 after purchasing an additional 2,395 shares during the period. Finally, Traub Capital Management LLC raised its stake in shares of AllianceBernstein National Municipal Income Fund by 7.5% during the 1st quarter. Traub Capital Management LLC now owns 50,291 shares of the investment management company’s stock worth $538,000 after buying an additional 3,504 shares in the last quarter.
AllianceBernstein National Municipal Income Fund Price Performance
AFB opened at $10.59 on Friday. The business has a 50 day simple moving average of $11.04 and a 200-day simple moving average of $11.01. AllianceBernstein National Municipal Income Fund, Inc. has a 12 month low of $10.38 and a 12 month high of $11.50.
AllianceBernstein National Municipal Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be paid a $0.0502 dividend. The ex-dividend date is Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 5.7%.
About AllianceBernstein National Municipal Income Fund
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.
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