11,000 Shares in BlackRock New York Municipal Income Trust (NYSE:BNY) Bought by Dakota Wealth Management

Dakota Wealth Management bought a new position in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,000 shares of the financial services provider’s stock, valued at approximately $112,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BNY. Cetera Investment Advisers boosted its position in shares of 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 worth $1,032,000 after acquiring an additional 6,443 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of BlackRock New York Municipal Income Trust during the second quarter worth $151,000. Pathway Financial Advisers LLC raised its stake in BlackRock New York Municipal Income Trust by 1,000.0% during the third quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 4,390 shares in the last quarter. Focused Wealth Management Inc raised its stake in BlackRock New York Municipal Income Trust by 0.8% during the third quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock valued at $1,303,000 after purchasing an additional 978 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its stake in BlackRock New York Municipal Income Trust by 43,133.0% during the third quarter. Wolverine Asset Management LLC now owns 43,233 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 43,133 shares in the last quarter.

BlackRock New York Municipal Income Trust Stock Down 0.3 %

BlackRock New York Municipal Income Trust stock opened at $10.29 on Monday. The firm’s fifty day moving average is $10.44 and its 200 day moving average is $10.68. BlackRock New York Municipal Income Trust has a 52-week low of $10.05 and a 52-week high of $11.10.

BlackRock New York Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.