BlackRock New York Municipal Income Trust (NYSE:BNY) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

BlackRock New York Municipal Income Trust (NYSE:BNY) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.71 and traded as low as $10.13. BlackRock New York Municipal Income Trust shares last traded at $10.22, with a volume of 27,815 shares.

BlackRock New York Municipal Income Trust Stock Down 0.9 %

The stock’s fifty day moving average price is $10.51 and its 200-day moving average price is $10.71.

BlackRock New York Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.61 annualized dividend and a yield of 5.99%.

Institutional Investors Weigh In On BlackRock New York Municipal Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BNY. Whitebox Advisors LLC bought a new position in shares of BlackRock New York Municipal Income Trust in the 2nd quarter valued at about $808,000. Cetera Investment Advisers boosted its position in BlackRock New York Municipal Income Trust by 7.2% during the second quarter. Cetera Investment Advisers now owns 96,357 shares of the financial services provider’s stock valued at $1,032,000 after purchasing an additional 6,443 shares during the last quarter. Sanctuary Advisors LLC bought a new position in BlackRock New York Municipal Income Trust in the second quarter valued at approximately $151,000. Pathway Financial Advisers LLC increased its position in shares of BlackRock New York Municipal Income Trust by 1,000.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 4,390 shares during the last quarter. Finally, Focused Wealth Management Inc raised its stake in shares of BlackRock New York Municipal Income Trust by 0.8% during the 3rd quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock worth $1,303,000 after purchasing an additional 978 shares in the last quarter.

BlackRock New York Municipal Income Trust Company Profile

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.