BlackRock New York Municipal Income Trust (NYSE:BNY) Shares Cross Below 200-Day Moving Average – Here’s What Happened

BlackRock New York Municipal Income Trust (NYSE:BNY)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.71 and traded as low as $10.13. BlackRock New York Municipal Income Trust shares last traded at $10.22, with a volume of 27,815 shares changing hands.

BlackRock New York Municipal Income Trust Trading Down 0.9 %

The stock’s 50-day moving average is $10.51 and its 200-day moving average is $10.71.

BlackRock New York Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.051 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.61 dividend on an annualized basis and a yield of 5.99%.

Institutional Trading of BlackRock New York Municipal Income Trust

A number of hedge funds have recently made changes to their positions in the company. Rivernorth Capital Management LLC lifted its holdings in shares of BlackRock New York Municipal Income Trust by 46.1% during the third quarter. Rivernorth Capital Management LLC now owns 333,170 shares of the financial services provider’s stock worth $3,665,000 after purchasing an additional 105,187 shares during the period. Focused Wealth Management Inc raised its position in shares of BlackRock New York Municipal Income Trust by 0.8% during the third quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock worth $1,303,000 after purchasing an additional 978 shares during the period. Cetera Investment Advisers boosted its position 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 buying an additional 6,443 shares during the last quarter. Whitebox Advisors LLC boosted its holdings in BlackRock New York Municipal Income Trust by 9.4% during the third quarter. Whitebox Advisors LLC now owns 82,517 shares of the financial services provider’s stock worth $908,000 after purchasing an additional 7,084 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in BlackRock New York Municipal Income Trust in the 3rd quarter valued at $598,000.

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.