BlackRock New York Municipal Income Trust (NYSE:BNY) Stake Raised by Focused Wealth Management Inc

Focused Wealth Management Inc grew its holdings in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,483 shares of the financial services provider’s stock after purchasing an additional 978 shares during the period. Focused Wealth Management Inc’s holdings in BlackRock New York Municipal Income Trust were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC lifted its stake in BlackRock New York Municipal Income Trust by 1,000.0% during the third quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock valued at $53,000 after buying an additional 4,390 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust in the 2nd quarter valued at approximately $151,000. ORG Partners LLC acquired a new position in BlackRock New York Municipal Income Trust in the 1st quarter worth approximately $244,000. 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 in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in 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 valued at $455,000 after purchasing an additional 1,600 shares during the period.

BlackRock New York Municipal Income Trust Stock Performance

Shares of NYSE BNY opened at $10.64 on Wednesday. BlackRock New York Municipal Income Trust has a one year low of $9.09 and a one year high of $11.10. The business has a 50-day moving average price of $10.85 and a two-hundred day moving average price of $10.74.

BlackRock New York Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.61 dividend on an annualized basis and a yield of 5.75%.

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.