Sanctuary Advisors LLC Makes New Investment in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Sanctuary Advisors LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,104 shares of the investment management company’s stock, valued at approximately $181,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Whitebox Advisors LLC lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 6.5% during the 3rd quarter. Whitebox Advisors LLC now owns 113,955 shares of the investment management company’s stock valued at $1,345,000 after buying an additional 6,905 shares during the last quarter. Stifel Financial Corp lifted its stake in AllianceBernstein National Municipal Income Fund by 4.3% in the third quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock valued at $422,000 after acquiring an additional 1,460 shares during the last quarter. Rivernorth Capital Management LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 14.9% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,102,639 shares of the investment management company’s stock worth $13,011,000 after purchasing an additional 142,639 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of AllianceBernstein National Municipal Income Fund by 10.4% during the 3rd quarter. HighTower Advisors LLC now owns 46,256 shares of the investment management company’s stock valued at $548,000 after purchasing an additional 4,346 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in AllianceBernstein National Municipal Income Fund by 15.8% in the third quarter. Advisors Asset Management Inc. now owns 456,237 shares of the investment management company’s stock worth $5,384,000 after purchasing an additional 62,304 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Up 0.2 %

Shares of AFB stock opened at $10.84 on Tuesday. AllianceBernstein National Municipal Income Fund, Inc. has a 1 year low of $10.33 and a 1 year high of $11.95. The firm’s fifty day simple moving average is $11.26 and its 200 day simple moving average is $11.35.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted 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, January 17th. Stockholders of record on Thursday, January 2nd will be paid a $0.0396 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.38%.

About AllianceBernstein National Municipal Income Fund

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.