BlackRock New York Municipal Income Trust (NYSE:BNY) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

BlackRock New York Municipal Income Trust (NYSE:BNY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.58 and traded as low as $10.17. BlackRock New York Municipal Income Trust shares last traded at $10.34, with a volume of 89,568 shares traded.

BlackRock New York Municipal Income Trust Stock Performance

The business’s 50 day moving average price is $10.39 and its 200 day moving average price is $10.58.

BlackRock New York Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.92%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC lifted its position in shares of BlackRock New York Municipal Income Trust by 2.1% during the 4th quarter. Guggenheim Capital LLC now owns 353,802 shares of the financial services provider’s stock valued at $3,605,000 after buying an additional 7,162 shares in the last quarter. Rivernorth Capital Management LLC lifted its position in shares of BlackRock New York Municipal Income Trust by 46.1% during the 3rd quarter. Rivernorth Capital Management LLC now owns 333,170 shares of the financial services provider’s stock valued at $3,665,000 after buying an additional 105,187 shares in the last quarter. Whitebox Advisors LLC lifted its position in shares of BlackRock New York Municipal Income Trust by 88.4% during the 4th quarter. Whitebox Advisors LLC now owns 155,471 shares of the financial services provider’s stock valued at $1,584,000 after buying an additional 72,954 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of BlackRock New York Municipal Income Trust by 152.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 137,095 shares of the financial services provider’s stock valued at $1,397,000 after buying an additional 82,700 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of BlackRock New York Municipal Income Trust by 7.6% during the 4th quarter. Baird Financial Group Inc. now owns 71,943 shares of the financial services provider’s stock valued at $733,000 after buying an additional 5,090 shares in the last quarter.

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.