AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC decreased its holdings in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFBGet Rating) by 24.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,339 shares of the investment management company’s stock after selling 42,579 shares during the period. Beacon Pointe Advisors LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $1,508,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC increased its position in AllianceBernstein National Municipal Income Fund by 7.1% during the 1st quarter. Rivernorth Capital Management LLC now owns 749,521 shares of the investment management company’s stock worth $9,436,000 after purchasing an additional 49,574 shares during the period. Allspring Global Investments Holdings LLC increased its position in AllianceBernstein National Municipal Income Fund by 1.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 684,505 shares of the investment management company’s stock worth $7,919,000 after purchasing an additional 10,451 shares during the period. UBS Group AG increased its position in AllianceBernstein National Municipal Income Fund by 4.5% during the 1st quarter. UBS Group AG now owns 521,319 shares of the investment management company’s stock worth $6,564,000 after purchasing an additional 22,387 shares during the period. Keybank National Association OH grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 2.1% in the 2nd quarter. Keybank National Association OH now owns 501,647 shares of the investment management company’s stock worth $5,804,000 after acquiring an additional 10,507 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 28.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 438,283 shares of the investment management company’s stock worth $5,070,000 after acquiring an additional 96,755 shares during the period.

AllianceBernstein National Municipal Income Fund Stock Performance

AFB opened at $10.78 on Thursday. AllianceBernstein National Municipal Income Fund, Inc. has a 1-year low of $9.97 and a 1-year high of $15.08. The stock’s 50 day simple moving average is $10.40 and its 200 day simple moving average is $11.20.

AllianceBernstein National Municipal Income Fund (NYSE:AFBGet Rating) last posted its earnings results on Friday, September 30th. The investment management company reported $0.13 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be given a $0.0327 dividend. This represents a $0.39 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Thursday, December 1st.

AllianceBernstein National Municipal Income Fund Profile

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AllianceBernstein National Municipal Income Fund 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.

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Institutional Ownership by Quarter for AllianceBernstein National Municipal Income Fund (NYSE:AFB)

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