Altium Capital Management LLC Acquires 125,415 Shares of AllianceBernstein National Municipal Income Fund, Inc. $AFB

Altium Capital Management LLC boosted its stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 129.5% in the first quarter, Holdings Channel reports. The institutional investor owned 222,264 shares of the investment management company’s stock after acquiring an additional 125,415 shares during the period. AllianceBernstein National Municipal Income Fund accounts for 5.7% of Altium Capital Management LLC’s holdings, making the stock its 13th biggest position. Altium Capital Management LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $2,376,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Elyxium Wealth LLC purchased a new stake in shares of AllianceBernstein National Municipal Income Fund during the fourth quarter valued at about $43,000. Global Retirement Partners LLC boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 367.0% during the 4th quarter. Global Retirement Partners LLC now owns 4,670 shares of the investment management company’s stock worth $51,000 after acquiring an additional 3,670 shares in the last quarter. Geneos Wealth Management Inc. raised its stake 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 period. Nomura Holdings Inc. acquired a new stake in shares of AllianceBernstein National Municipal Income Fund in the second quarter valued at about $103,000. Finally, Captrust Financial Advisors acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the 2nd quarter worth about $103,000.

Insider Activity at AllianceBernstein National Municipal Income Fund

In other AllianceBernstein National Municipal Income Fund news, Director Garry L. Moody sold 13,500 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $10.96, for a total value of $147,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Jay Gerken bought 2,500 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was bought 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 directly owned 2,500 shares in the company, valued at approximately $27,400. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

AllianceBernstein National Municipal Income Fund Trading Down 0.7%

AFB stock traded down $0.08 during trading on Friday, hitting $11.21. The stock had a trading volume of 68,645 shares, compared to its average volume of 113,232. The company’s 50-day moving average price is $11.21 and its two-hundred day moving average price is $10.99. AllianceBernstein National Municipal Income Fund, Inc. has a twelve month low of $10.05 and a twelve month high of $11.50.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its earnings results on Friday, June 26th. The investment management company reported $0.15 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 2nd will be given a $0.0502 dividend. The ex-dividend date is Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

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.