Inscription Capital LLC Invests $131,000 in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Inscription Capital LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,313 shares of the investment management company’s stock, valued at approximately $131,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Saba Capital Management L.P. boosted its position in AllianceBernstein National Municipal Income Fund by 227.8% during the third quarter. Saba Capital Management L.P. now owns 1,676,795 shares of the investment management company’s stock valued at $15,661,000 after purchasing an additional 1,165,325 shares during the last quarter. AQR Arbitrage LLC boosted its position in AllianceBernstein National Municipal Income Fund by 44.5% during the third quarter. AQR Arbitrage LLC now owns 236,082 shares of the investment management company’s stock valued at $2,205,000 after purchasing an additional 72,700 shares during the last quarter. Balanced Wealth Group LLC acquired a new position in AllianceBernstein National Municipal Income Fund during the fourth quarter valued at approximately $742,000. Advisors Asset Management Inc. boosted its position in AllianceBernstein National Municipal Income Fund by 47.6% during the third quarter. Advisors Asset Management Inc. now owns 140,623 shares of the investment management company’s stock valued at $1,313,000 after purchasing an additional 45,369 shares during the last quarter. Finally, TCG Advisory Services LLC acquired a new position in AllianceBernstein National Municipal Income Fund during the fourth quarter valued at approximately $325,000.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of NYSE AFB opened at $11.07 on Friday. The stock has a 50 day moving average price of $10.77 and a 200 day moving average price of $10.80. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $8.95 and a 52 week high of $11.14.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings results on Friday, March 22nd. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 21st. Shareholders of record on Thursday, June 6th were paid a $0.0327 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.39 annualized dividend and a yield of 3.54%.

Insider Buying and Selling at AllianceBernstein National Municipal Income Fund

In other AllianceBernstein National Municipal Income Fund news, major shareholder Saba Capital Management, L.P. acquired 67,460 shares of the company’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $10.90 per share, for a total transaction of $735,314.00. Following the completion of the purchase, the insider now directly owns 3,039,614 shares of the company’s stock, valued at $33,131,792.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired 106,270 shares of company stock worth $1,156,143 over the last 90 days.

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.