Commonwealth Equity Services LLC Sells 3,839 Shares of BlackRock New York Municipal Income Trust (NYSE:BNY)

Commonwealth Equity Services LLC lessened its holdings in BlackRock New York Municipal Income Trust (NYSE:BNY) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,086 shares of the financial services provider’s stock after selling 3,839 shares during the period. Commonwealth Equity Services LLC’s holdings in BlackRock New York Municipal Income Trust were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BNY. Sanctuary Advisors LLC grew its stake in shares of 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 valued at $173,000 after purchasing an additional 1,749 shares during the period. Rivernorth Capital Management LLC boosted its stake in BlackRock New York Municipal Income Trust by 46.1% in the 3rd quarter. Rivernorth Capital Management LLC now owns 333,170 shares of the financial services provider’s stock valued at $3,665,000 after buying an additional 105,187 shares in the last quarter. Dakota Wealth Management bought a new stake in BlackRock New York Municipal Income Trust in the fourth quarter valued at $112,000. Summit Trail Advisors LLC acquired a new position in BlackRock New York Municipal Income Trust during the fourth quarter worth $146,000. Finally, Wolverine Asset Management LLC raised its stake in BlackRock New York Municipal Income Trust by 58.5% during the fourth quarter. Wolverine Asset Management LLC now owns 68,505 shares of the financial services provider’s stock worth $698,000 after acquiring an additional 25,272 shares in the last quarter.

BlackRock New York Municipal Income Trust Stock Performance

Shares of NYSE:BNY opened at $9.69 on Thursday. The company’s fifty day moving average is $10.32 and its 200-day moving average is $10.50. BlackRock New York Municipal Income Trust has a 52 week low of $9.56 and a 52 week high of $11.10.

BlackRock New York Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.051 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.61 dividend on an annualized basis and a yield of 6.32%.

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.