BlackRock New York Municipal Income Trust (NYSE:BNY) Position Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its stake in BlackRock New York Municipal Income Trust (NYSE:BNY) by 43.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,546 shares of the financial services provider’s stock after buying an additional 5,032 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock New York Municipal Income Trust were worth $174,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of BNY. Simon Quick Advisors LLC acquired a new position in shares of BlackRock New York Municipal Income Trust in the third quarter worth about $106,000. Moody National Bank Trust Division boosted its stake in BlackRock New York Municipal Income Trust by 10.3% in the 4th quarter. Moody National Bank Trust Division now owns 11,687 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,092 shares during the period. Almitas Capital LLC acquired a new position in BlackRock New York Municipal Income Trust in the 3rd quarter worth approximately $134,000. Grace & White Inc. NY grew its position in BlackRock New York Municipal Income Trust by 22.1% during the 3rd quarter. Grace & White Inc. NY now owns 16,601 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Raymond James & Associates raised its stake in BlackRock New York Municipal Income Trust by 8.1% during the 3rd quarter. Raymond James & Associates now owns 17,405 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 1,300 shares during the period.

BlackRock New York Municipal Income Trust Stock Performance

BNY opened at $10.32 on Friday. The stock has a fifty day moving average of $10.52 and a 200-day moving average of $10.15. BlackRock New York Municipal Income Trust has a 12-month low of $8.60 and a 12-month high of $10.80.

BlackRock New York Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.043 dividend. This represents a $0.52 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Friday, April 12th.

About BlackRock New York Municipal Income Trust

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.