AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC reduced its position in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,101 shares of the investment management company’s stock after selling 1,615 shares during the period. Arete Wealth Advisors LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $377,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in AllianceBernstein National Municipal Income Fund during the third quarter valued at $139,000. Choreo LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the 2nd quarter valued at about $252,000. Wolverine Asset Management LLC grew its position in shares of AllianceBernstein National Municipal Income Fund by 39.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 26,782 shares of the investment management company’s stock valued at $316,000 after buying an additional 7,600 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in AllianceBernstein National Municipal Income Fund by 84.8% during the second quarter. Blue Bell Private Wealth Management LLC now owns 32,902 shares of the investment management company’s stock worth $366,000 after acquiring an additional 15,102 shares during the period. Finally, Rothschild Investment LLC bought a new position in AllianceBernstein National Municipal Income Fund in the second quarter worth about $891,000.

AllianceBernstein National Municipal Income Fund Stock Down 1.3 %

NYSE:AFB opened at $11.30 on Friday. The stock has a 50 day moving average of $11.40 and a 200-day moving average of $11.33. AllianceBernstein National Municipal Income Fund, Inc. has a 52 week low of $10.33 and a 52 week high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings data on Friday, September 27th. The investment management company reported $0.11 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be issued a $0.0396 dividend. The ex-dividend date is Thursday, December 5th.

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.