268,207 Shares in AllianceBernstein National Municipal Income Fund, Inc. $AFB Bought by Fiera Capital Corp

Fiera Capital Corp acquired a new position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 268,207 shares of the investment management company’s stock, valued at approximately $2,902,000.

A number of other large investors have also recently bought and sold shares of AFB. Elyxium Wealth LLC acquired a new stake in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter worth approximately $43,000. Global Retirement Partners LLC boosted its holdings in shares of AllianceBernstein National Municipal Income Fund by 367.0% in the 4th quarter. Global Retirement Partners LLC now owns 4,670 shares of the investment management company’s stock valued at $51,000 after purchasing an additional 3,670 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter valued at $65,000. Geneos Wealth Management Inc. lifted its position 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 during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in AllianceBernstein National Municipal Income Fund in the second quarter valued at about $103,000.

AllianceBernstein National Municipal Income Fund Trading Up 1.1%

AllianceBernstein National Municipal Income Fund stock opened at $11.24 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a 12-month low of $10.05 and a 12-month high of $11.32. The business’s 50-day moving average price is $10.98 and its two-hundred day moving average price is $10.90.

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 company also recently announced a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be issued a $0.0502 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, June 4th.

Insider Activity

In other news, Director R Jay Gerken purchased 2,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $10.96 per share, with a total value of $27,400.00. Following the completion of the purchase, the director owned 2,500 shares of the company’s stock, valued at $27,400. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Garry L. Moody sold 13,500 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $10.96, for a total value of $147,960.00. The disclosure for this sale is available in the SEC filing.

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.