BlackRock New York Municipal Income Trust (NYSE:BNY) Shares Cross Above 200-Day Moving Average of $10.35

BlackRock New York Municipal Income Trust (NYSE:BNY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.35 and traded as high as $10.78. BlackRock New York Municipal Income Trust shares last traded at $10.70, with a volume of 44,991 shares trading hands.

BlackRock New York Municipal Income Trust Stock Performance

The firm has a fifty day simple moving average of $10.52 and a two-hundred day simple moving average of $10.36.

BlackRock New York Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.043 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Tuesday, May 14th.

Institutional Trading of BlackRock New York Municipal Income Trust

Hedge funds have recently made changes to their positions in the business. Saba Capital Management L.P. lifted its position in BlackRock New York Municipal Income Trust by 47.6% in the third quarter. Saba Capital Management L.P. now owns 1,255,100 shares of the financial services provider’s stock worth $11,421,000 after buying an additional 405,007 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of BlackRock New York Municipal Income Trust by 14.9% in the 4th quarter. Fiera Capital Corp now owns 607,506 shares of the financial services provider’s stock worth $6,397,000 after acquiring an additional 78,969 shares during the last quarter. AQR Arbitrage LLC boosted its stake in shares of BlackRock New York Municipal Income Trust by 44.7% during the 3rd quarter. AQR Arbitrage LLC now owns 205,932 shares of the financial services provider’s stock worth $1,874,000 after purchasing an additional 63,623 shares during the period. Joel Isaacson & Co. LLC bought a new position in BlackRock New York Municipal Income Trust during the 1st quarter valued at about $450,000. Finally, Blue Bell Private Wealth Management LLC raised its position in BlackRock New York Municipal Income Trust by 329.6% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 40,846 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 31,337 shares during the period.

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.