AllianceBernstein National Municipal Income Fund (NYSE:AFB) Share Price Passes Above Fifty Day Moving Average of $10.86

Shares of AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.86 and traded as high as $10.93. AllianceBernstein National Municipal Income Fund shares last traded at $10.90, with a volume of 35,881 shares.

AllianceBernstein National Municipal Income Fund Price Performance

The firm has a 50-day moving average of $10.86 and a 200-day moving average of $10.35.

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

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be issued a dividend of $0.0327 per share. The ex-dividend date of this dividend is Thursday, April 4th.

Hedge Funds Weigh In On AllianceBernstein National Municipal Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Pathstone Holdings LLC purchased a new position in AllianceBernstein National Municipal Income Fund in the 4th quarter valued at approximately $21,254,000. Saba Capital Management L.P. lifted its position in shares of AllianceBernstein National Municipal Income Fund by 227.8% during the 3rd quarter. Saba Capital Management L.P. now owns 1,676,795 shares of the investment management company’s stock worth $15,661,000 after purchasing an additional 1,165,325 shares during the last quarter. Advisor Partners II LLC purchased a new stake in shares of AllianceBernstein National Municipal Income Fund during the 3rd quarter worth $4,670,000. Logan Stone Capital LLC lifted its position in shares of AllianceBernstein National Municipal Income Fund by 1,123.0% during the 4th quarter. Logan Stone Capital LLC now owns 355,187 shares of the investment management company’s stock worth $3,722,000 after purchasing an additional 326,145 shares during the last quarter. Finally, Indiana Trust & Investment Management CO purchased a new stake in shares of AllianceBernstein National Municipal Income Fund during the 3rd quarter worth $1,422,000.

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.