AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Stock Position Increased by Balanced Wealth Group LLC

Balanced Wealth Group LLC grew its position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 81,677 shares of the investment management company’s stock after purchasing an additional 12,819 shares during the period. AllianceBernstein National Municipal Income Fund makes up approximately 0.4% of Balanced Wealth Group LLC’s holdings, making the stock its 28th biggest position. Balanced Wealth Group LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $964,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AFB. Private Advisor Group LLC acquired a new stake in AllianceBernstein National Municipal Income Fund in the 3rd quarter valued at approximately $139,000. Choreo LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the second quarter valued at about $252,000. Blue Bell Private Wealth Management LLC lifted its holdings in AllianceBernstein National Municipal Income Fund by 84.8% in the second quarter. Blue Bell Private Wealth Management LLC now owns 32,902 shares of the investment management company’s stock worth $366,000 after purchasing an additional 15,102 shares during the period. Rothschild Investment LLC bought a new position in AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at about $891,000. Finally, Whitebox Advisors LLC acquired a new position in AllianceBernstein National Municipal Income Fund during the 2nd quarter valued at about $1,189,000.

AllianceBernstein National Municipal Income Fund Stock Up 0.8 %

Shares of NYSE:AFB opened at $11.31 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a twelve month low of $9.02 and a twelve month high of $11.95. The company has a 50 day moving average of $11.56 and a 200-day moving average of $11.19.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a dividend of $0.0396 per share. This represents a $0.48 annualized dividend and a yield of 4.20%. The ex-dividend date is Thursday, November 7th.

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.