Noble Wealth Management PBC Makes New $153,000 Investment in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Noble Wealth Management PBC acquired a new position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,120 shares of the investment management company’s stock, valued at approximately $153,000.

Several other hedge funds have also modified their holdings of AFB. Stifel Financial Corp increased its holdings in AllianceBernstein National Municipal Income Fund by 4.3% during the 3rd quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock worth $422,000 after purchasing an additional 1,460 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund during the third quarter worth about $181,000. HighTower Advisors LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 10.4% during the third quarter. HighTower Advisors LLC now owns 46,256 shares of the investment management company’s stock worth $548,000 after buying an additional 4,346 shares during the period. Van ECK Associates Corp raised its holdings in AllianceBernstein National Municipal Income Fund by 3.0% in the fourth quarter. Van ECK Associates Corp now owns 239,815 shares of the investment management company’s stock valued at $2,607,000 after acquiring an additional 7,015 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in AllianceBernstein National Municipal Income Fund by 2.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 814,453 shares of the investment management company’s stock worth $8,853,000 after acquiring an additional 23,304 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Trading Up 0.4 %

NYSE AFB opened at $11.31 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $10.33 and a 52 week high of $11.95. The firm has a 50 day moving average of $11.01 and a two-hundred day moving average of $11.30.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last posted its earnings results on Monday, December 30th. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, March 6th will be given a dividend of $0.0396 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Thursday, March 6th.

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.