Balanced Wealth Group LLC Invests $742,000 in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Balanced Wealth Group LLC acquired a new position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 68,406 shares of the investment management company’s stock, valued at approximately $742,000.

Other hedge funds have also bought and sold shares of the company. Ironsides Asset Advisors LLC boosted its stake in AllianceBernstein National Municipal Income Fund by 6.8% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 20,416 shares of the investment management company’s stock worth $191,000 after purchasing an additional 1,298 shares during the period. Landscape Capital Management L.L.C. boosted its stake in shares of AllianceBernstein National Municipal Income Fund by 9.7% during 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 during the period. Park Avenue Securities LLC raised its position in AllianceBernstein National Municipal Income Fund by 7.6% in the 3rd quarter. Park Avenue Securities LLC now owns 26,486 shares of the investment management company’s stock worth $247,000 after purchasing an additional 1,878 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter worth about $27,000. Finally, Wolverine Asset Management LLC grew its position in AllianceBernstein National Municipal Income Fund by 48.6% in the 4th quarter. Wolverine Asset Management LLC now owns 8,953 shares of the investment management company’s stock valued at $97,000 after acquiring an additional 2,927 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Stock Up 0.9 %

Shares of AFB traded up $0.10 during trading hours on Wednesday, reaching $10.84. 40,581 shares of the company traded hands, compared to its average volume of 68,996. The stock’s fifty day moving average price is $10.74 and its 200 day moving average price is $10.56. AllianceBernstein National Municipal Income Fund, Inc. has a 12-month low of $8.95 and a 12-month high of $11.05.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last announced its quarterly earnings data on Friday, March 22nd. The investment management company reported $0.10 earnings per share (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. Shareholders of record on Friday, May 3rd will be issued a $0.033 dividend. This is a boost from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 3.65%.

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.