53,350 Shares in AllianceBernstein National Municipal Income Fund, Inc. $AFB Acquired by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. purchased a new position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) in the first quarter, HoldingsChannel.com reports. The firm purchased 53,350 shares of the investment management company’s stock, valued at approximately $570,000.

Several other large investors also recently bought and sold shares of AFB. Allspring Global Investments Holdings LLC raised its stake in shares of AllianceBernstein National Municipal Income Fund by 16.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,432,746 shares of the investment management company’s stock valued at $15,502,000 after purchasing an additional 206,961 shares during the period. Rareview Capital LLC purchased a new position in shares of AllianceBernstein National Municipal Income Fund in the first quarter valued at $4,333,000. Altium Capital Management LLC purchased a new position in shares of AllianceBernstein National Municipal Income Fund in the fourth quarter valued at $1,048,000. Fiera Capital Corp acquired a new stake in AllianceBernstein National Municipal Income Fund during the 4th quarter valued at $2,902,000. Finally, Keybank National Association OH grew its holdings in AllianceBernstein National Municipal Income Fund by 5.6% during the 4th quarter. Keybank National Association OH now owns 930,742 shares of the investment management company’s stock valued at $10,071,000 after purchasing an additional 49,044 shares in the last quarter.

Insider Activity at AllianceBernstein National Municipal Income Fund

In other AllianceBernstein National Municipal Income Fund news, Director R Jay Gerken purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $10.96 per share, for a total transaction of $27,400.00. Following the completion of the purchase, the director owned 2,500 shares in the company, valued at $27,400. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AllianceBernstein National Municipal Income Fund Stock Down 1.4%

AllianceBernstein National Municipal Income Fund stock opened at $11.05 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a 12-month low of $10.08 and a 12-month high of $11.50. The firm’s fifty day moving average price is $11.22 and its 200 day moving average price is $11.01.

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 Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Thursday, July 2nd.

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.