AllianceBernstein National Municipal Income Fund (NYSE:AFB) Shares Cross Below 200-Day Moving Average – Here’s Why

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.31 and traded as low as $11.12. AllianceBernstein National Municipal Income Fund shares last traded at $11.13, with a volume of 43,051 shares changing hands.

AllianceBernstein National Municipal Income Fund Trading Down 0.1 %

The company has a 50-day moving average of $11.03 and a 200-day moving average of $11.31.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings results on Monday, December 30th. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 6th will be paid a $0.0396 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.48 annualized dividend and a dividend yield of 4.27%.

Institutional Trading of AllianceBernstein National Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in AFB. Rivernorth Capital Management LLC grew its position in AllianceBernstein National Municipal Income Fund by 24.2% during the third quarter. Rivernorth Capital Management LLC now owns 1,192,205 shares of the investment management company’s stock worth $14,068,000 after buying an additional 232,205 shares in the last quarter. Keybank National Association OH lifted its holdings in AllianceBernstein National Municipal Income Fund by 29.8% in the 4th quarter. Keybank National Association OH now owns 883,524 shares of the investment management company’s stock worth $9,604,000 after buying an additional 203,057 shares during the period. Advisors Asset Management Inc. lifted its holdings in AllianceBernstein National Municipal Income Fund by 27.5% in the 4th quarter. Advisors Asset Management Inc. now owns 581,856 shares of the investment management company’s stock worth $6,325,000 after buying an additional 125,619 shares during the period. Pathstone Holdings LLC lifted its stake in shares of AllianceBernstein National Municipal Income Fund by 5.0% in the 3rd quarter. Pathstone Holdings LLC now owns 2,032,729 shares of the investment management company’s stock valued at $23,988,000 after purchasing an additional 96,119 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in AllianceBernstein National Municipal Income Fund by 14.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 592,728 shares of the investment management company’s stock valued at $6,443,000 after buying an additional 73,447 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Company Profile

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.