AllianceBernstein National Municipal Income Fund (NYSE:AFB) Releases Earnings Results

AllianceBernstein National Municipal Income Fund (NYSE:AFB) issued its quarterly earnings data on Friday. The investment management company reported $0.17 earnings per share for the quarter, Zacks reports.

AllianceBernstein National Municipal Income Fund Price Performance

AllianceBernstein National Municipal Income Fund stock opened at $10.41 on Friday. AllianceBernstein National Municipal Income Fund has a fifty-two week low of $9.78 and a fifty-two week high of $11.13. The firm has a fifty day moving average price of $10.89 and a two-hundred day moving average price of $10.87.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 2nd will be issued a $0.0502 dividend. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Thursday, April 2nd.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

A number of institutional investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. bought a new stake in AllianceBernstein National Municipal Income Fund during the 4th quarter valued at approximately $131,000. Jane Street Group LLC bought a new position in AllianceBernstein National Municipal Income Fund in the 4th quarter worth approximately $163,000. Bank of Montreal Can acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the fourth quarter worth approximately $140,000. Cerity Partners LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the fourth quarter worth approximately $125,000. Finally, HighTower Advisors LLC boosted its position in shares of AllianceBernstein National Municipal Income Fund by 7.4% in the fourth quarter. HighTower Advisors LLC now owns 51,097 shares of the investment management company’s stock valued at $553,000 after acquiring an additional 3,535 shares during the period.

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.