HighTower Advisors LLC Increases Stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

HighTower Advisors LLC raised its stake in shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 10.4% during the third quarter, HoldingsChannel reports. The firm owned 46,256 shares of the investment management company’s stock after purchasing an additional 4,346 shares during the quarter. HighTower Advisors LLC’s holdings in AllianceBernstein National Municipal Income Fund were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AFB. Private Wealth Strategies L.L.C. raised its position in shares of 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. Blue Bell Private Wealth Management LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 84.8% in 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 in the last quarter. 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 during the period. Private Advisor Group LLC purchased a new position in AllianceBernstein National Municipal Income Fund during the third quarter worth approximately $139,000. Finally, Choreo LLC acquired a new stake in AllianceBernstein National Municipal Income Fund in the second quarter valued at approximately $252,000.

AllianceBernstein National Municipal Income Fund Stock Up 0.2 %

Shares of AFB stock opened at $10.97 on Friday. AllianceBernstein National Municipal Income Fund, Inc. has a 1-year low of $10.33 and a 1-year high of $11.95. The stock has a 50 day simple moving average of $11.35 and a 200-day simple moving average of $11.34.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.0396 per share. The ex-dividend date of this dividend was 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.