Baird Financial Group Inc. Buys 5,090 Shares of BlackRock New York Municipal Income Trust (NYSE:BNY)

Baird Financial Group Inc. boosted its stake in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,943 shares of the financial services provider’s stock after purchasing an additional 5,090 shares during the quarter. Baird Financial Group Inc.’s holdings in BlackRock New York Municipal Income Trust were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Dakota Wealth Management acquired a new stake in BlackRock New York Municipal Income Trust in the fourth quarter worth about $112,000. Summit Trail Advisors LLC acquired a new stake in BlackRock New York Municipal Income Trust in the fourth quarter worth about $146,000. Envestnet Asset Management Inc. boosted its holdings in BlackRock New York Municipal Income Trust by 24.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,799 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 2,873 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in BlackRock New York Municipal Income Trust in the fourth quarter worth about $259,000. Finally, Almitas Capital LLC boosted its holdings in BlackRock New York Municipal Income Trust by 27.7% in the fourth quarter. Almitas Capital LLC now owns 28,553 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 6,200 shares in the last quarter.

BlackRock New York Municipal Income Trust Price Performance

Shares of NYSE BNY opened at $9.81 on Thursday. The business has a 50-day simple moving average of $9.98 and a two-hundred day simple moving average of $10.31. BlackRock New York Municipal Income Trust has a fifty-two week low of $9.55 and a fifty-two week 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, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend is Thursday, May 15th.

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.