Raymond James & Associates Acquires 1,300 Shares of BlackRock New York Municipal Income Trust (NYSE:BNY)

Raymond James & Associates increased its stake in shares of BlackRock New York Municipal Income Trust (NYSE:BNYFree Report) by 8.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,405 shares of the financial services provider’s stock after buying an additional 1,300 shares during the period. Raymond James & Associates’ holdings in BlackRock New York Municipal Income Trust were worth $158,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Almitas Capital LLC bought a new position in shares of BlackRock New York Municipal Income Trust in the fourth quarter worth $42,000. Wolverine Asset Management LLC grew its holdings in shares of BlackRock New York Municipal Income Trust by 44.0% during the second quarter. Wolverine Asset Management LLC now owns 6,999 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 2,138 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of BlackRock New York Municipal Income Trust in the first quarter worth approximately $77,000. Moody National Bank Trust Division purchased a new stake in shares of BlackRock New York Municipal Income Trust during the 3rd quarter valued at $96,000. Finally, Bank of New York Mellon Corp purchased a new stake in BlackRock New York Municipal Income Trust during the second quarter valued at about $105,000.

BlackRock New York Municipal Income Trust Trading Down 0.4 %

Shares of BlackRock New York Municipal Income Trust stock opened at $10.60 on Thursday. The business’s 50-day moving average price is $10.44 and its 200-day moving average price is $9.85. BlackRock New York Municipal Income Trust has a 12 month low of $8.60 and a 12 month high of $11.12.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.043 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.87%.

BlackRock New York Municipal Income Trust Company Profile

(Free Report)

BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.

See Also

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Institutional Ownership by Quarter for BlackRock New York Municipal Income Trust (NYSE:BNY)

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