BlackRock New York Municipal Income Trust (NYSE:BNY) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of BlackRock New York Municipal Income Trust (NYSE:BNYGet Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.87 and traded as high as $10.19. BlackRock New York Municipal Income Trust shares last traded at $10.1550, with a volume of 71,991 shares traded.

BlackRock New York Municipal Income Trust Stock Performance

The stock’s 50 day moving average is $10.22 and its two-hundred day moving average is $9.87.

BlackRock New York Municipal Income Trust Dividend Announcement

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

Hedge Funds Weigh In On BlackRock New York Municipal Income Trust

Several large investors have recently bought and sold shares of BNY. Traub Capital Management LLC purchased a new stake in BlackRock New York Municipal Income Trust during the 2nd quarter worth about $72,000. PFG Investments LLC acquired a new position in BlackRock New York Municipal Income Trust in the second quarter valued at approximately $111,000. Private Advisor Group LLC purchased a new position in BlackRock New York Municipal Income Trust in the third quarter valued at approximately $117,000. Ackerman Capital Advisors LLC acquired a new stake in BlackRock New York Municipal Income Trust during the second quarter worth approximately $128,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust during the 2nd quarter worth approximately $176,000.

BlackRock New York Municipal Income Trust Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for BlackRock New York Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock New York Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.