Rivernorth Capital Management LLC Acquires 105,187 Shares of BlackRock New York Municipal Income Trust (NYSE:BNY)

Rivernorth Capital Management LLC grew its holdings in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 46.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 333,170 shares of the financial services provider’s stock after purchasing an additional 105,187 shares during the period. Rivernorth Capital Management LLC’s holdings in BlackRock New York Municipal Income Trust were worth $3,665,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its position in 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 3rd quarter. Whitebox Advisors LLC now owns 82,517 shares of the financial services provider’s stock worth $908,000 after purchasing an additional 7,084 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of BlackRock New York Municipal Income Trust during the 3rd quarter worth $598,000. Horizon Kinetics Asset Management LLC bought a new position in shares of BlackRock New York Municipal Income Trust in the third quarter worth $201,000. Finally, Landscape Capital Management L.L.C. acquired a new position in BlackRock New York Municipal Income Trust in the third quarter valued at about $152,000.

BlackRock New York Municipal Income Trust Stock Down 0.4 %

BNY opened at $10.76 on Friday. BlackRock New York Municipal Income Trust has a twelve month low of $10.13 and a twelve month high of $11.10. The company has a 50-day simple moving average of $10.73 and a 200 day simple moving average of $10.76.

BlackRock New York Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.051 per share. The ex-dividend date is Monday, December 16th. This represents a $0.61 annualized dividend and a dividend yield of 5.69%.

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.