AllianceBernstein National Municipal Income Fund, Inc. $AFB Shares Sold by Royal Bank of Canada

Royal Bank of Canada trimmed its holdings in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 63.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,451 shares of the investment management company’s stock after selling 136,767 shares during the period. Royal Bank of Canada’s holdings in AllianceBernstein National Municipal Income Fund were worth $839,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Petra Financial Advisors Inc. acquired a new stake in shares of AllianceBernstein National Municipal Income Fund in the first quarter worth $570,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 2.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,464,577 shares of the investment management company’s stock valued at $15,656,000 after acquiring an additional 31,831 shares in the last quarter. Bank of New York Mellon Corp boosted its position in AllianceBernstein National Municipal Income Fund by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 147,061 shares of the investment management company’s stock worth $1,572,000 after purchasing an additional 6,189 shares during the period. Altium Capital Management LLC boosted its position in AllianceBernstein National Municipal Income Fund by 129.5% during the 1st quarter. Altium Capital Management LLC now owns 222,264 shares of the investment management company’s stock worth $2,376,000 after purchasing an additional 125,415 shares during the period. Finally, Rareview Capital LLC purchased a new stake in AllianceBernstein National Municipal Income Fund during the 1st quarter worth $4,333,000.

AllianceBernstein National Municipal Income Fund Trading Down 0.7%

Shares of NYSE AFB opened at $10.92 on Friday. The stock has a fifty day moving average price of $11.15 and a 200 day moving average price of $11.02. AllianceBernstein National Municipal Income Fund, Inc. has a 12-month low of $10.19 and a 12-month high of $11.50.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 21st. Investors of record on Thursday, August 6th were issued a dividend of $0.0502 per share. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Thursday, August 6th.

AllianceBernstein National Municipal Income Fund 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.