Wolverine Asset Management LLC Purchases 25,272 Shares of BlackRock New York Municipal Income Trust (NYSE:BNY)

Wolverine Asset Management LLC grew its stake in BlackRock New York Municipal Income Trust (NYSE:BNY) by 58.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,505 shares of the financial services provider’s stock after acquiring an additional 25,272 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock New York Municipal Income Trust were worth $698,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its stake in BlackRock New York Municipal Income Trust by 11.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,403 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 1,749 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in BlackRock New York Municipal Income Trust by 1,000.0% in 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. Landscape Capital Management L.L.C. bought a new position in BlackRock New York Municipal Income Trust in the 3rd quarter worth about $152,000. Dakota Wealth Management bought a new position in BlackRock New York Municipal Income Trust in the 4th quarter worth about $112,000. Finally, Focused Wealth Management Inc grew its stake 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 worth $1,303,000 after acquiring an additional 978 shares in the last quarter.

BlackRock New York Municipal Income Trust Stock Performance

Shares of BNY stock opened at $10.51 on Friday. The company’s 50-day simple moving average is $10.35 and its two-hundred day simple moving average is $10.63. BlackRock New York Municipal Income Trust has a one year low of $10.05 and a one year high of $11.10.

BlackRock New York Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.051 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.61 annualized dividend and a dividend yield of 5.82%.

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.