AllianceBernstein National Municipal Income Fund
AFB
34 hedge funds and large institutions have $25.3M invested in AllianceBernstein National Municipal Income Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 4 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
0% more funds holding
Funds holding: 34 → 34 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
0.36% less ownership
Funds ownership: 6.84% → 6.48% (-0.36%)
8% less capital invested
Capital invested by funds: $27.4M → $25.3M (-$2.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$561K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$125K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$114K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$27.2K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$27K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.77M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$161K |
| 3 |
SWM
Segment Wealth Management
Houston,
Texas
|
-$102K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$88K |
| 5 |
Morgan Stanley
New York
|
-$71.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WTC
26
WhitTier Trust Company
Reno,
Nevada
| $53K | – | – | – |
|
|
NFG
27
Next Financial Group
Houston,
Texas
| $35K | +$367 | +27 | +1% |
|
|
MA
28
MCF Advisors
Covington,
Kentucky
| $28K | +$448 | +33 | +2% |
|
|
WA
29
WFG Advisors
Dallas,
Texas
| $22K | – | – | – |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $15K | +$14.7K | +1,085 | New |
|
|
FFC
31
First Financial Corp
Terre Haute,
Indiana
| $11K | +$11K | +810 | New |
|
32
Citigroup
New York
| $6K | +$5.54K | +408 | +949% |
|
33
Creative Planning
Overland Park,
Kansas
| $5K | +$4.94K | +364 | New |
|
|
PCTC
34
Perkins Coie Trust Company
Seattle,
Washington
| $3K | +$3.03K | +223 | New |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| – | -$19K | -1,336 | Closed |
|
|
M
36
MOTCO
San Antonio,
Texas
| – | -$17K | -1,240 | Closed |
|
37
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$13K | -915 | Closed |
|
|
TWA
38
TCI Wealth Advisors
Tucson,
Arizona
| – | -$12K | -893 | Closed |
|
AFB Hedge Fund Activity: Q3 2014 in Review
34 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in AllianceBernstein National Municipal Income Fund (AFB) for Q3 2014, worth a combined $25.3M — down 7.7% from $27.4M a quarter earlier.
Fund positioning in AFB was balanced in Q3 2014: 4 funds opened new positions, 4 closed out, 11 added to existing stakes and 10 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $561K. The largest seller was Invesco, cutting an estimated $1.77M.
- 34 institutional investors held AllianceBernstein National Municipal Income Fund (AFB) as of Q3 2014, unchanged from Q2 2014.
- Funds reported $25.3M of AllianceBernstein National Municipal Income Fund stock for Q3 2014, down 7.7% quarter-over-quarter.
- 4 funds opened new AllianceBernstein National Municipal Income Fund positions in Q3 2014 and 4 closed out, a net change of 0 holders.
- The largest AllianceBernstein National Municipal Income Fund buyer in Q3 2014 was Advisors Asset Management, an estimated $561K added.
- The largest AllianceBernstein National Municipal Income Fund seller in Q3 2014 was Invesco, an estimated $1.77M sold.
Based on aggregated 13F filings for Q3 2014.