AllianceBernstein National Municipal Income Fund (NYSE:AFB) Stock Passes Above 50 Day Moving Average – Should You Sell?

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.56 and traded as high as $10.92. AllianceBernstein National Municipal Income Fund shares last traded at $10.82, with a volume of 39,497 shares trading hands.

AllianceBernstein National Municipal Income Fund Stock Performance

The business has a 50-day moving average of $10.56 and a two-hundred day moving average of $10.39.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 2nd will be given a dividend of $0.0466 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 5.2%.

Institutional Investors Weigh In On AllianceBernstein National Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Karpus Management Inc. grew its position in AllianceBernstein National Municipal Income Fund by 59.5% during the second quarter. Karpus Management Inc. now owns 1,144,987 shares of the investment management company’s stock worth $11,805,000 after buying an additional 426,910 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in AllianceBernstein National Municipal Income Fund by 21.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 990,611 shares of the investment management company’s stock worth $10,213,000 after purchasing an additional 176,158 shares during the period. Keybank National Association OH lifted its stake in AllianceBernstein National Municipal Income Fund by 3.0% during the first quarter. Keybank National Association OH now owns 910,140 shares of the investment management company’s stock worth $9,884,000 after purchasing an additional 26,616 shares during the period. Advisors Asset Management Inc. lifted its stake in AllianceBernstein National Municipal Income Fund by 10.2% during the second quarter. Advisors Asset Management Inc. now owns 580,533 shares of the investment management company’s stock worth $5,985,000 after purchasing an additional 53,744 shares during the period. Finally, City of London Investment Management Co. Ltd. lifted its stake in AllianceBernstein National Municipal Income Fund by 4.0% during the first 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 during the period.

AllianceBernstein National Municipal Income Fund Company 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.