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AllianceBernstein (NYSE:AB) National Municipal Income Fund (AFB) stock has reached a new 52-week low, dipping to $10.31, as investors navigate through a landscape of economic uncertainty. According to InvestingPro data, the fund's RSI indicates oversold conditions, while maintaining a steady 4.47% dividend yield and an attractive P/E ratio of 4.87. This latest price point underscores a challenging period for the fund, though it's worth noting the fund has maintained dividend payments for 24 consecutive years and demonstrates relatively low volatility with a beta of 0.57. The movement towards this low reflects broader market trends and investor sentiment, as the fund adjusts to the dynamic conditions that continue to shape the municipal bond market. Additional insights and analysis are available on InvestingPro, including 6 more exclusive ProTips for AFB.
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