Sit Investment Associates Inc. Has $5.20 Million Stake in AllianceBernstein National Municipal Income Fund, Inc. $AFB

Sit Investment Associates Inc. lowered its stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 21.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480,983 shares of the investment management company’s stock after selling 132,992 shares during the quarter. Sit Investment Associates Inc.’s holdings in AllianceBernstein National Municipal Income Fund were worth $5,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AFB. Royal Bank of Canada grew its holdings in shares of 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 valued at $2,622,000 after purchasing an additional 43,982 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in AllianceBernstein National Municipal Income Fund by 328.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,315 shares of the investment management company’s stock valued at $79,000 after purchasing an additional 5,608 shares during the last quarter. Jane Street Group LLC acquired a new stake in AllianceBernstein National Municipal Income Fund in the second quarter valued at approximately $119,000. Captrust Financial Advisors acquired a new stake in AllianceBernstein National Municipal Income Fund in the second quarter valued at approximately $103,000. Finally, Nomura Holdings Inc. bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the second quarter worth $103,000.

AllianceBernstein National Municipal Income Fund Trading Up 0.0%

Shares of AFB opened at $11.38 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $10.05 and a 52 week high of $11.41. The stock has a fifty day moving average of $11.10 and a 200-day moving average of $10.93.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.0502 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a c) annualized dividend and a yield of 5.3%.

Insider Activity

In related news, Director R Jay Gerken purchased 2,500 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $10.96 per share, with a total value of $27,400.00. Following the completion of the purchase, the director owned 2,500 shares in the company, valued at approximately $27,400. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Garry L. Moody sold 13,500 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $10.96, for a total value of $147,960.00. Additional details regarding this sale are available in the official SEC disclosure.

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.