BlackRock New York Municipal Income Trust (NYSE:BNY) Stock Passes Below 200 Day Moving Average – Here’s Why

BlackRock New York Municipal Income Trust (NYSE:BNY) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.60 and traded as low as $10.20. BlackRock New York Municipal Income Trust shares last traded at $10.27, with a volume of 63,425 shares traded.

BlackRock New York Municipal Income Trust Trading Down 0.9 %

The firm has a 50-day moving average of $10.41 and a 200-day moving average of $10.60.

BlackRock New York Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On BlackRock New York Municipal Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. lifted its stake in shares of BlackRock New York Municipal Income Trust by 7.6% in the 4th quarter. Baird Financial Group Inc. now owns 71,943 shares of the financial services provider’s stock valued at $733,000 after purchasing an additional 5,090 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of BlackRock New York Municipal Income Trust by 16.4% in the 4th quarter. Ameriprise Financial Inc. now owns 51,287 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 7,214 shares during the period. Almitas Capital LLC lifted its stake in shares of BlackRock New York Municipal Income Trust by 27.7% in the 4th quarter. Almitas Capital LLC now owns 28,553 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 6,200 shares during the period. Whitebox Advisors LLC lifted its stake in shares of BlackRock New York Municipal Income Trust by 88.4% in the 4th quarter. Whitebox Advisors LLC now owns 155,471 shares of the financial services provider’s stock valued at $1,584,000 after purchasing an additional 72,954 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in shares of BlackRock New York Municipal Income Trust by 2.1% in the 4th quarter. Guggenheim Capital LLC now owns 353,802 shares of the financial services provider’s stock valued at $3,605,000 after purchasing an additional 7,162 shares during the period.

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.