BlackRock New York Municipal Income Trust (NYSE:BNY) Shares Sold by Robinson Capital Management LLC

Robinson Capital Management LLC decreased its holdings in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,829 shares of the financial services provider’s stock after selling 2,065 shares during the quarter. Robinson Capital Management LLC’s holdings in BlackRock New York Municipal Income Trust were worth $569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its position in BlackRock New York Municipal Income Trust by 11.9% in the third quarter. Sanctuary Advisors LLC now owns 16,403 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 1,749 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock New York Municipal Income Trust in the 3rd quarter valued at $152,000. Pathway Financial Advisers LLC lifted its stake in BlackRock New York Municipal Income Trust by 1,000.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 4,390 shares in the last quarter. Dakota Wealth Management purchased a new position in BlackRock New York Municipal Income Trust during the 4th quarter valued at about $112,000. Finally, Focused Wealth Management Inc grew its position in BlackRock New York Municipal Income Trust by 0.8% in the 3rd quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock valued at $1,303,000 after acquiring an additional 978 shares in the last quarter.

BlackRock New York Municipal Income Trust Trading Up 0.3 %

BlackRock New York Municipal Income Trust stock opened at $10.43 on Tuesday. BlackRock New York Municipal Income Trust has a 52-week low of $10.05 and a 52-week high of $11.10. The company’s 50 day moving average is $10.37 and its two-hundred day moving average is $10.64.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.051 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.87%.

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.