Allspring Global Investments Holdings LLC Purchases 206,961 Shares of AllianceBernstein National Municipal Income Fund, Inc. $AFB

Allspring Global Investments Holdings LLC grew its position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 16.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,432,746 shares of the investment management company’s stock after buying an additional 206,961 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $15,502,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AFB. Bank of America Corp DE lifted its stake in AllianceBernstein National Municipal Income Fund by 2.1% during the third quarter. Bank of America Corp DE now owns 59,833 shares of the investment management company’s stock worth $649,000 after purchasing an additional 1,234 shares during the last quarter. ProVise Management Group LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 7.1% in the 3rd quarter. ProVise Management Group LLC now owns 30,125 shares of the investment management company’s stock valued at $327,000 after purchasing an additional 2,000 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of 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 buying an additional 2,395 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of 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 worth $79,000 after buying an additional 5,608 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the 3rd quarter worth $65,000.

AllianceBernstein National Municipal Income Fund Price Performance

AFB stock opened at $10.49 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a 12 month low of $9.78 and a 12 month high of $11.13. The firm has a 50-day moving average price of $10.86 and a 200-day moving average price of $10.87.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, April 2nd.

AllianceBernstein National Municipal Income Fund 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.