Gold ticks up but remains pressured by Fed rate caution, easing trade fears
Saba Capital Management, L.P., a ten percent owner of ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND (NYSE:AFB), sold 7,693 shares of common stock on October 29, 2025, at a price of $11.0, for a total transaction value of $84,623. AFB currently trades at $11.02, with a market capitalization of $316.19 million and a notable 5.48% dividend yield. According to InvestingPro, the fund has maintained dividend payments for 24 consecutive years.
Following the transaction, Saba Capital Management, L.P. indirectly owns 2,942,666 shares of ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND. The fund has delivered solid returns this year with a 4.98% YTD price total return and 8.47% over the past six months. With a beta of 0.66 and an InvestingPro Financial Health score of "FAIR," AFB generally trades with low price volatility, making it potentially attractive for income-focused investors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.