Park Avenue Securities LLC Buys Shares of 11,309 AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB)

Park Avenue Securities LLC bought a new stake in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,309 shares of the investment management company’s stock, valued at approximately $124,000.

Several other large investors have also recently bought and sold shares of AFB. Turtle Creek Wealth Advisors LLC bought a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter valued at approximately $27,000. Wolverine Asset Management LLC increased its stake in AllianceBernstein National Municipal Income Fund by 48.6% in the fourth quarter. Wolverine Asset Management LLC now owns 8,953 shares of the investment management company’s stock valued at $97,000 after purchasing an additional 2,927 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new stake in AllianceBernstein National Municipal Income Fund in the fourth quarter valued at approximately $107,000. Almitas Capital LLC bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the third quarter worth $118,000. Finally, Flow State Investments L.P. bought a new stake in shares of AllianceBernstein National Municipal Income Fund during the fourth quarter worth $171,000.

Insider Transactions at AllianceBernstein National Municipal Income Fund

In other AllianceBernstein National Municipal Income Fund news, major shareholder Saba Capital Management, L.P. bought 6,099 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average price of $10.82 per share, with a total value of $65,991.18. Following the completion of the transaction, the insider now owns 3,114,146 shares in the company, valued at $33,695,059.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 141,144 shares of company stock valued at $1,541,501 over the last quarter.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of AFB stock opened at $11.06 on Wednesday. The firm has a fifty day moving average of $10.85 and a 200-day moving average of $10.82. AllianceBernstein National Municipal Income Fund, Inc. has a 12-month low of $8.95 and a 12-month high of $11.15.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last issued its quarterly earnings data on Friday, June 28th. The investment management company reported $0.10 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.0327 per share. The ex-dividend date of this dividend is Thursday, July 11th.

About AllianceBernstein National Municipal Income Fund

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.