Pathway Financial Advisers LLC Grows Stake in BlackRock New York Municipal Income Trust (NYSE:BNY)

Pathway Financial Advisers LLC grew its holdings in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 1,000.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,829 shares of the financial services provider’s stock after purchasing an additional 4,390 shares during the period. Pathway Financial Advisers LLC’s holdings in BlackRock New York Municipal Income Trust were worth $53,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Focused Wealth Management Inc increased its position in BlackRock New York Municipal Income Trust by 6.4% during the 1st quarter. Focused Wealth Management Inc now owns 117,638 shares of the financial services provider’s stock valued at $1,247,000 after buying an additional 7,114 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of BlackRock New York Municipal Income Trust by 7.2% during the second quarter. Cetera Investment Advisers now owns 96,357 shares of the financial services provider’s stock valued at $1,032,000 after acquiring an additional 6,443 shares in the last quarter. Whitebox Advisors LLC purchased a new position in shares of BlackRock New York Municipal Income Trust in the 2nd quarter valued at approximately $808,000. Blue Bell Private Wealth Management LLC boosted its stake in BlackRock New York Municipal Income Trust by 3.9% in 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 purchasing an additional 1,600 shares in the last quarter. Finally, Tidal Investments LLC grew its position in 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 purchasing an additional 2,454 shares during the last quarter.

BlackRock New York Municipal Income Trust Stock Performance

Shares of BlackRock New York Municipal Income Trust stock opened at $10.69 on Friday. The firm’s 50 day simple moving average is $10.86 and its two-hundred day simple moving average is $10.72. BlackRock New York Municipal Income Trust has a 12-month low of $8.60 and a 12-month high of $11.10.

BlackRock New York Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock New York Municipal Income Trust 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.