Modern Wealth Management LLC Raises Stake in BlackRock New York Municipal Income Trust (NYSE:BNY)

Modern Wealth Management LLC increased its position in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 12.6% during the 4th quarter, according to its most recent 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of BlackRock New York Municipal Income Trust by 16.7% in the fourth quarter. LPL Financial LLC now owns 58,648 shares of the financial services provider’s stock valued at $598,000 after acquiring an additional 8,384 shares in the last quarter. Raymond James Financial Inc. purchased a new position in BlackRock New York Municipal Income Trust in the 4th quarter worth approximately $259,000. Wolverine Asset Management LLC lifted its holdings in BlackRock New York Municipal Income Trust by 58.5% in the 4th quarter. Wolverine Asset Management LLC now owns 68,505 shares of the financial services provider’s stock worth $698,000 after purchasing an additional 25,272 shares in the last quarter. Summit Trail Advisors LLC bought a new position in BlackRock New York Municipal Income Trust in the 4th quarter worth approximately $146,000. Finally, Dakota Wealth Management purchased a new stake in BlackRock New York Municipal Income Trust during the 4th quarter valued at approximately $112,000.

BlackRock New York Municipal Income Trust Price Performance

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

BlackRock New York Municipal Income Trust Dividend Announcement

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

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.