AllianceBernstein National Municipal Income Fund (NYSE:AFB) Director R Jay Gerken Purchases 2,500 Shares of Stock

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Director R Jay Gerken acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $10.96 per share, with a total value of $27,400.00. Following the purchase, the director owned 2,500 shares in the company, valued at $27,400. This represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

AllianceBernstein National Municipal Income Fund Stock Up 1.7%

Shares of NYSE AFB opened at $11.21 on Thursday. AllianceBernstein National Municipal Income Fund, Inc. has a 12-month low of $10.05 and a 12-month high of $11.25. The company has a 50-day moving average of $10.87 and a 200 day moving average of $10.89.

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

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be paid a dividend of $0.0502 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, June 4th.

Institutional Trading of AllianceBernstein National Municipal Income Fund

Several large investors have recently bought and sold shares of the business. Arete Wealth Advisors LLC grew its stake in AllianceBernstein National Municipal Income Fund by 80.6% during the 1st quarter. Arete Wealth Advisors LLC now owns 34,137 shares of the investment management company’s stock valued at $363,000 after acquiring an additional 15,235 shares in the last quarter. Bank of America Corp DE grew its stake in AllianceBernstein National Municipal Income Fund by 18.0% during the 1st quarter. Bank of America Corp DE now owns 66,506 shares of the investment management company’s stock valued at $711,000 after acquiring an additional 10,126 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in AllianceBernstein National Municipal Income Fund by 2.1% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,061,484 shares of the investment management company’s stock valued at $11,347,000 after acquiring an additional 21,639 shares in the last quarter. Petra Financial Advisors Inc. purchased a new stake in AllianceBernstein National Municipal Income Fund during the 1st quarter valued at about $570,000. Finally, Allspring Global Investments Holdings LLC grew its stake in AllianceBernstein National Municipal Income Fund by 2.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,464,577 shares of the investment management company’s stock valued at $15,656,000 after acquiring an additional 31,831 shares in the last quarter.

About AllianceBernstein National Municipal Income Fund

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.