ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND
AFBTicker | Value | Shares | Price | Security | Type | Insider | Title | Return | Flags | Date |
|---|---|---|---|---|---|---|---|---|---|---|
| No transactions found | ||||||||||
Insider trading at ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND (AFB) refers to stock transactions executed by corporate insiders—officers, directors, and shareholders owning more than 10% of the company. Over the past 90 days, 15 insiders have filed 92 transactions totaling $151.2M in trading activity. The most active insider is Of America Preferred Funding Corp Banc (Executive), contributing $141.1M across 9 transactions.
ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND insiders are currently net buyers of AFB stock, showing bullish sentiment over the past 90 days. Executives have purchased $148.0M while selling $3.2M, resulting in a positive net flow of $144.8M. This buying activity represents 98% of total transaction volume.
ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND has 15 active insiders who have filed SEC Form 4 transactions in the past 90 days. Of America Preferred Funding Corp Banc (Executive) leads with 9 transactions totaling $141.1M. Inc Citigroup (Executive) follows with 5 transactions worth $71.5M. Open-market purchases require insiders to invest their own capital, demonstrating genuine conviction.
The Insider Alignment Score measures the ratio of buying to selling activity on a 0-100 scale. ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND's current score of 98/100 indicates bullish insider sentiment. Scores above 60 suggest insiders are accumulating shares faster than selling, reflecting $148.0M in purchases versus $3.2M in sales.
The most recent insider transaction occurred on Nov 6, 2025, when Management, L.p. Saba Capital (Executive) disposed of 19,623 shares at $10.91 per share for $214.1K. This appears to be a discretionary trade.
Based on SEC Form 4 filings from the past 90 days, AFB insider trading sentiment is currently bullish with an Alignment Score of 98/100. The net insider flow of $144.8M reflects accumulation, with 98% of volume being purchases.
SEC Form 4 is the primary disclosure mechanism for insider trading at publicly traded companies like ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND. Corporate insiders must file within two business days of any transaction, making it one of the most timely sources of executive sentiment. At AFB, we track all Form 4 filings—currently showing 92 transactions from 15 insiders over 90 days.
A 10b5-1 plan allows ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND executives to pre-schedule stock sales when they don't possess material non-public information. At AFB, approximately 0% of recent transactions are 10b5-1 trades. Most trading activity at AFB appears discretionary, making insider signals more meaningful.
You can monitor ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND (AFB) insider trading activity on this page, which updates within hours of new SEC Form 4 filings. We track all 15 active insiders and provide real-time transaction feeds, the Alignment Score, 10b5-1 vs. discretionary breakdowns, and direct links to SEC EDGAR filings.
Insider trading at ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND (AFB) refers to stock transactions made by corporate insiders—executives, directors, and beneficial owners holding more than 10% of shares. These individuals must report trades to the SEC within two business days. Currently, 15 insiders are actively trading AFB stock, having executed 92 transactions in the past 90 days. The most active insider is Of America Preferred Funding Corp Banc (Executive), with 9 transactions totaling $141.1M.
Our Alignment Score measures the ratio of insider buying to selling on a scale of 0-100. A score above 70 indicates strong bullish sentiment, while below 30 suggests bearish activity. ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND's current score of 98/100 indicates strong bullish sentiment with executives accumulating shares. This is calculated from $148.0M in purchases versus $3.2M in sales over 90 days, resulting in a net flow of $144.8M.
SEC Form 4 filings are mandatory reports that ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND insiders must submit within 2 business days. Each filing includes the insider's name, relationship, transaction type, shares, and price. Transaction codes: P (purchase), S (sale), A (award), M (option exercise), G (gift). At AFB, the most common type is "S" with 24 occurrences. The most recent Form 4 was filed on Nov 6, 2025 by Management, L.p. Saba Capital.
Rule 10b5-1 allows corporate insiders to establish pre-scheduled trading plans when they don't possess material non-public information. At ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, approximately 0% of recent transactions are executed under 10b5-1 plans, while 100% appear to be discretionary trades. The low percentage means most insider activity at AFB represents discretionary decisions with more informational value.
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