Bridgewater Advisors Inc. Purchases Shares of 40,370 BlackRock New York Municipal Income Trust $BNY

Bridgewater Advisors Inc. purchased a new stake in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) in the second quarter, HoldingsChannel reports. The institutional investor purchased 40,370 shares of the financial services provider’s stock, valued at approximately $379,000.

Several other large investors have also modified their holdings of BNY. Plancorp LLC bought a new stake in shares of BlackRock New York Municipal Income Trust during the 1st quarter worth $327,000. Ackerman Capital Advisors LLC bought a new stake in shares of BlackRock New York Municipal Income Trust during the 2nd quarter worth $128,000. PFG Investments LLC bought a new stake in shares of BlackRock New York Municipal Income Trust during the 2nd quarter worth $111,000. Envestnet Asset Management Inc. boosted its stake in shares of BlackRock New York Municipal Income Trust by 46.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,946 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 11,419 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of BlackRock New York Municipal Income Trust by 5.1% during the 1st quarter. Cetera Investment Advisers now owns 109,048 shares of the financial services provider’s stock worth $1,109,000 after acquiring an additional 5,282 shares in the last quarter.

BlackRock New York Municipal Income Trust Price Performance

BNY opened at $10.14 on Tuesday. The business has a fifty day simple moving average of $10.07 and a 200-day simple moving average of $9.80. BlackRock New York Municipal Income Trust has a fifty-two week low of $9.30 and a fifty-two week high of $10.86.

BlackRock New York Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 6.0%.

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.