BlackRock New York Municipal Income Trust (NYSE:BNY) Shares Pass Above 200-Day Moving Average – Here’s Why

BlackRock New York Municipal Income Trust (NYSE:BNY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.69 and traded as high as $10.99. BlackRock New York Municipal Income Trust shares last traded at $10.95, with a volume of 25,282 shares.

BlackRock New York Municipal Income Trust Stock Down 0.4 %

The stock has a fifty day moving average of $10.85 and a 200 day moving average of $10.69.

BlackRock New York Municipal Income Trust Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.61 dividend on an annualized basis and a yield of 5.59%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust during the 2nd quarter worth approximately $151,000. ORG Partners LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust during the 1st quarter worth approximately $244,000. Tidal Investments LLC raised its holdings 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 acquiring an additional 2,454 shares in the last quarter. Joel Isaacson & Co. LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust during the 1st quarter worth approximately $450,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of BlackRock New York Municipal Income Trust by 3.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 42,446 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 1,600 shares in the last quarter.

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.