Sit Investment Associates Inc. Has $5.20 Million Holdings in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Sit Investment Associates Inc. trimmed its holdings in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 480,983 shares of the investment management company’s stock after selling 132,992 shares during the quarter. Sit Investment Associates Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $5,204,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AFB. Readystate Asset Management LP acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the 4th quarter worth approximately $119,000. Rivernorth Capital Management LLC raised its position in shares of AllianceBernstein National Municipal Income Fund by 2.5% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,039,845 shares of the investment management company’s stock valued at $11,251,000 after buying an additional 25,688 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the fourth quarter valued at approximately $296,000. Balyasny Asset Management L.P. bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the fourth quarter valued at approximately $1,017,000. Finally, Guggenheim Capital LLC grew its position in AllianceBernstein National Municipal Income Fund by 49.3% during the fourth quarter. Guggenheim Capital LLC now owns 705,049 shares of the investment management company’s stock worth $7,629,000 after buying an additional 232,964 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Trading Up 0.0%

NYSE:AFB opened at $11.38 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a fifty-two week low of $10.05 and a fifty-two week high of $11.41. The stock has a fifty day moving average price of $11.10 and a 200-day moving average price of $10.93.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its quarterly earnings results on Friday, March 27th. The investment management company reported $0.17 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, June 26th. Stockholders of record on Thursday, June 4th will be given a $0.0502 dividend. The ex-dividend date is Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 5.3%.

Insider Buying and Selling

In related news, Director Garry L. Moody sold 13,500 shares of AllianceBernstein National Municipal Income Fund stock in a transaction that occurred on Tuesday, April 21st. The shares were 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 SEC, which is available through the SEC website. Also, Director R Jay Gerken acquired 2,500 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $10.96 per share, with a total value of $27,400.00. Following the completion of the transaction, the director owned 2,500 shares of the company’s stock, valued at approximately $27,400. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

About AllianceBernstein National Municipal Income Fund

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.