Fiera Capital Corp Invests $2.90 Million in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Fiera Capital Corp acquired a new position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 268,207 shares of the investment management company’s stock, valued at approximately $2,902,000.

Several other institutional investors have also added to or reduced their stakes in AFB. Pathstone Holdings LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 7.2% during the 3rd quarter. Pathstone Holdings LLC now owns 2,143,102 shares of the investment management company’s stock worth $23,253,000 after purchasing an additional 144,091 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in 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 worth $15,502,000 after buying an additional 206,961 shares during the last quarter. Keybank National Association OH lifted its holdings in AllianceBernstein National Municipal Income Fund by 5.6% in the fourth quarter. Keybank National Association OH now owns 930,742 shares of the investment management company’s stock valued at $10,071,000 after buying an additional 49,044 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in AllianceBernstein National Municipal Income Fund by 8.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 609,785 shares of the investment management company’s stock valued at $6,598,000 after acquiring an additional 46,568 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in AllianceBernstein National Municipal Income Fund by 375.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 286,422 shares of the investment management company’s stock worth $3,108,000 after acquiring an additional 226,131 shares during the period.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE:AFB opened at $11.24 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a 1 year low of $10.05 and a 1 year high of $11.32. The business’s 50-day moving average is $10.98 and its 200-day moving average is $10.90.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its earnings results on Friday, March 27th. The investment management company reported $0.17 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be 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 is Thursday, June 4th.

Insider Transactions at AllianceBernstein National Municipal Income Fund

In other 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 cost of $10.96 per share, for a total transaction of $27,400.00. Following the completion of the acquisition, the director owned 2,500 shares in the company, valued at $27,400. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Garry L. Moody sold 13,500 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $10.96, for a total transaction of $147,960.00. Additional details regarding this sale are available in the official SEC disclosure.

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.