Hennion & Walsh Asset Management Inc. Reduces Holdings in BlackRock New York Municipal Income Trust (NYSE:BNY)

Hennion & Walsh Asset Management Inc. reduced its holdings in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 31.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 205,383 shares of the financial services provider’s stock after selling 92,118 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock New York Municipal Income Trust were worth $2,093,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC increased its holdings in 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 acquiring an additional 105,187 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of BlackRock New York Municipal Income Trust by 11.9% during the third quarter. Sanctuary Advisors LLC now owns 16,403 shares of the financial services provider’s stock worth $173,000 after buying an additional 1,749 shares in the last quarter. Whitebox Advisors LLC grew its holdings in shares of 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 buying an additional 7,084 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of BlackRock New York Municipal Income Trust during the third quarter worth about $598,000. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust during the third quarter worth about $201,000.

BlackRock New York Municipal Income Trust Trading Up 0.6 %

Shares of NYSE BNY opened at $10.29 on Friday. BlackRock New York Municipal Income Trust has a 12 month low of $10.05 and a 12 month high of $11.10. The company has a 50-day simple moving average of $10.47 and a 200-day simple moving average of $10.69.

BlackRock New York Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.051 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.95%.

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.