Hennion & Walsh Asset Management Inc. Cuts Stock Holdings in BlackRock New York Municipal Income Trust (NYSE:BNY)

Hennion & Walsh Asset Management Inc. lessened its holdings in BlackRock New York Municipal Income Trust (NYSE:BNY) by 26.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,501 shares of the financial services provider’s stock after selling 109,088 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock New York Municipal Income Trust were worth $3,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BNY. Blue Bell Private Wealth Management LLC boosted its stake in shares of BlackRock New York Municipal Income Trust by 3.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 42,446 shares of the financial services provider’s stock valued at $455,000 after buying an additional 1,600 shares in the last quarter. Tidal Investments LLC boosted its position in shares of BlackRock New York Municipal Income Trust by 8.5% during the 1st quarter. Tidal Investments LLC now owns 31,252 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 2,454 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of BlackRock New York Municipal Income Trust by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 96,357 shares of the financial services provider’s stock worth $1,032,000 after purchasing an additional 6,443 shares during the period. Focused Wealth Management Inc increased its holdings in shares of BlackRock New York Municipal Income Trust by 6.4% in the 1st quarter. Focused Wealth Management Inc now owns 117,638 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 7,114 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of BlackRock New York Municipal Income Trust in the second quarter valued at about $151,000.

BlackRock New York Municipal Income Trust Stock Performance

Shares of BNY opened at $10.60 on Friday. BlackRock New York Municipal Income Trust has a twelve month low of $8.60 and a twelve month high of $11.10. The firm’s 50-day moving average is $10.87 and its two-hundred day moving average is $10.72.

BlackRock New York Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Tuesday, October 15th.

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.