Modern Wealth Management LLC Buys 7,137 Shares of BlackRock New York Municipal Income Trust (NYSE:BNY)

Modern Wealth Management LLC raised its stake in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,001 shares of the financial services provider’s stock after purchasing an additional 7,137 shares during the period. Modern Wealth Management LLC’s holdings in BlackRock New York Municipal Income Trust were worth $673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Dakota Wealth Management bought a new position 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 position in BlackRock New York Municipal Income Trust during the fourth quarter valued at $146,000. Sanctuary Advisors LLC raised its stake in shares of BlackRock New York Municipal Income Trust by 11.9% in the third quarter. Sanctuary Advisors LLC now owns 16,403 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 1,749 shares during the period. Horizon Kinetics Asset Management LLC purchased a new position in shares of BlackRock New York Municipal Income Trust during the 3rd quarter worth about $201,000. Finally, Raymond James Financial Inc. bought a new position in BlackRock New York Municipal Income Trust during the 4th quarter valued at about $259,000.

BlackRock New York Municipal Income Trust Price Performance

BlackRock New York Municipal Income Trust stock opened at $10.20 on Thursday. BlackRock New York Municipal Income Trust has a 1-year low of $10.05 and a 1-year high of $11.10. The company’s 50-day moving average is $10.40 and its 200 day moving average is $10.57.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend is Friday, March 14th.

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.