Lido Advisors LLC Makes New $6.33 Million Investment in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Lido Advisors LLC bought a new position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) in the 4th quarter, HoldingsChannel.com reports. The fund bought 582,538 shares of the investment management company’s stock, valued at approximately $6,332,000.

Several other institutional investors have also recently bought and sold shares of the business. Stifel Financial Corp raised its stake in AllianceBernstein National Municipal Income Fund by 4.9% during the fourth quarter. Stifel Financial Corp now owns 37,458 shares of the investment management company’s stock worth $407,000 after acquiring an additional 1,736 shares in the last quarter. 1607 Capital Partners LLC raised its stake in AllianceBernstein National Municipal Income Fund by 10.1% during the fourth quarter. 1607 Capital Partners LLC now owns 73,010 shares of the investment management company’s stock worth $794,000 after acquiring an additional 6,700 shares in the last quarter. Raymond James Financial Inc. acquired a new position in AllianceBernstein National Municipal Income Fund during the fourth quarter worth about $268,000. Envestnet Asset Management Inc. raised its stake in AllianceBernstein National Municipal Income Fund by 30.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 22,442 shares of the investment management company’s stock worth $244,000 after acquiring an additional 5,232 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its stake in AllianceBernstein National Municipal Income Fund by 22.1% during the fourth quarter. Arete Wealth Advisors LLC now owns 39,191 shares of the investment management company’s stock worth $427,000 after acquiring an additional 7,090 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE AFB opened at $10.36 on Wednesday. The stock has a 50-day moving average price of $10.70 and a two-hundred day moving average price of $11.01. AllianceBernstein National Municipal Income Fund, Inc. has a 12 month low of $9.78 and a 12 month high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, March 28th. The investment management company reported $0.12 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.0396 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Thursday, May 1st.

AllianceBernstein National Municipal Income Fund Profile

AllianceBernstein National Municipal Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax.