Traub Capital Management LLC Acquires New Holdings in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Traub Capital Management LLC bought a new stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 42,918 shares of the investment management company’s stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of AllianceBernstein National Municipal Income Fund by 21.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 990,611 shares of the investment management company’s stock valued at $10,213,000 after buying an additional 176,158 shares during the period. City of London Investment Management Co. Ltd. increased its stake in AllianceBernstein National Municipal Income Fund by 4.0% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 569,702 shares of the investment management company’s stock worth $6,187,000 after purchasing an additional 21,961 shares in the last quarter. Royal Bank of Canada raised its holdings in AllianceBernstein National Municipal Income Fund by 22.3% during the 1st quarter. Royal Bank of Canada now owns 241,426 shares of the investment management company’s stock worth $2,622,000 after buying an additional 43,982 shares during the period. Riverbridge Partners LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 4.3% during the 2nd quarter. Riverbridge Partners LLC now owns 69,014 shares of the investment management company’s stock worth $712,000 after buying an additional 2,872 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in AllianceBernstein National Municipal Income Fund by 43.0% in the second quarter. Envestnet Asset Management Inc. now owns 45,124 shares of the investment management company’s stock valued at $465,000 after buying an additional 13,558 shares in the last quarter.

Insider Activity

In related news, Director Garry L. Moody bought 13,500 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $11.07 per share, with a total value of $149,445.00. Following the completion of the transaction, the director owned 13,500 shares in the company, valued at $149,445. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

AllianceBernstein National Municipal Income Fund Stock Down 0.0%

Shares of NYSE AFB opened at $10.93 on Wednesday. The company has a fifty day moving average price of $10.90 and a 200 day moving average price of $10.49. AllianceBernstein National Municipal Income Fund, Inc. has a 1-year low of $9.78 and a 1-year high of $11.58.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings results on Friday, September 26th. The investment management company reported $0.14 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be paid a $0.0502 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Thursday, November 6th. This is a positive change from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.05.

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.