Van ECK Associates Corp Acquires 28,935 Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Van ECK Associates Corp grew its holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 15.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,939 shares of the investment management company’s stock after purchasing an additional 28,935 shares during the period. Van ECK Associates Corp’s holdings in AllianceBernstein National Municipal Income Fund were worth $2,384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 4th quarter worth $27,000. Wolverine Asset Management LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter worth $56,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 4th quarter worth $107,000. Almitas Capital LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter worth $118,000. Finally, Landscape Capital Management L.L.C. increased its holdings in shares of AllianceBernstein National Municipal Income Fund by 9.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 16,038 shares of the investment management company’s stock worth $150,000 after purchasing an additional 1,422 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Price Performance

AllianceBernstein National Municipal Income Fund stock opened at $10.73 on Wednesday. AllianceBernstein National Municipal Income Fund, Inc. has a 12 month low of $8.95 and a 12 month high of $11.05. The stock has a fifty day simple moving average of $10.74 and a two-hundred day simple moving average of $10.56.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings data on Friday, March 22nd. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a $0.033 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.40 annualized dividend and a dividend yield of 3.69%. This is a positive change from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.03.

About AllianceBernstein National Municipal Income Fund

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.