Logan Stone Capital LLC Sells 62,248 Shares of BlackRock New York Municipal Income Trust (NYSE:BNY)

Logan Stone Capital LLC cut its stake in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 26.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,489 shares of the financial services provider’s stock after selling 62,248 shares during the quarter. Logan Stone Capital LLC’s holdings in BlackRock New York Municipal Income Trust were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BNY. Dakota Wealth Management bought a new stake in shares of BlackRock New York Municipal Income Trust during the 4th quarter valued at approximately $112,000. Summit Trail Advisors LLC bought a new stake in shares of BlackRock New York Municipal Income Trust during the 4th quarter valued at approximately $146,000. Envestnet Asset Management Inc. grew its holdings in shares of BlackRock New York Municipal Income Trust by 24.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,799 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 2,873 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of BlackRock New York Municipal Income Trust during the 4th quarter valued at approximately $259,000. Finally, Almitas Capital LLC grew its holdings in shares of BlackRock New York Municipal Income Trust by 27.7% during the 4th quarter. Almitas Capital LLC now owns 28,553 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 6,200 shares during the last quarter.

BlackRock New York Municipal Income Trust Price Performance

BNY opened at $9.98 on Monday. BlackRock New York Municipal Income Trust has a fifty-two week low of $9.55 and a fifty-two week high of $11.10. The company’s 50 day moving average price is $10.02 and its two-hundred day moving average price is $10.32.

BlackRock New York Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a $0.051 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.13%.

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.