Dakota Wealth Management Decreases Stock Holdings in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Dakota Wealth Management trimmed its position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,266 shares of the investment management company’s stock after selling 1,600 shares during the period. Dakota Wealth Management’s holdings in AllianceBernstein National Municipal Income Fund were worth $487,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its holdings in AllianceBernstein National Municipal Income Fund by 31.3% in the 1st quarter. Advisors Asset Management Inc. now owns 305,880 shares of the investment management company’s stock worth $3,362,000 after buying an additional 72,914 shares during the period. Private Wealth Strategies L.L.C. lifted its stake in AllianceBernstein National Municipal Income Fund by 0.5% in the second quarter. Private Wealth Strategies L.L.C. now owns 767,959 shares of the investment management company’s stock worth $8,532,000 after acquiring an additional 3,853 shares during the period. Van ECK Associates Corp boosted its holdings in AllianceBernstein National Municipal Income Fund by 13.9% in the first quarter. Van ECK Associates Corp now owns 250,533 shares of the investment management company’s stock valued at $2,753,000 after acquiring an additional 30,594 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in AllianceBernstein National Municipal Income Fund by 84.8% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 32,902 shares of the investment management company’s stock valued at $366,000 after purchasing an additional 15,102 shares during the period. Finally, Almitas Capital LLC raised its holdings in AllianceBernstein National Municipal Income Fund by 265.1% in the 2nd quarter. Almitas Capital LLC now owns 149,896 shares of the investment management company’s stock worth $1,665,000 after purchasing an additional 108,842 shares in the last quarter.

AllianceBernstein National Municipal Income Fund Stock Down 0.1 %

AllianceBernstein National Municipal Income Fund stock opened at $11.24 on Tuesday. AllianceBernstein National Municipal Income Fund, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $11.95. The stock’s 50 day simple moving average is $11.57 and its two-hundred day simple moving average is $11.19.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its earnings results on Friday, September 27th. The investment management company reported $0.11 earnings per share for the quarter.

AllianceBernstein National Municipal Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.0396 per share. This is an increase from AllianceBernstein National Municipal Income Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.23%.

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.