Blackrock New York Municipal Income Trst (NYSE:BNY) Stock Passes Above 200-Day Moving Average of $0.00

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Blackrock New York Municipal Income Trst (NYSE:BNY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $13.54. Blackrock New York Municipal Income Trst shares last traded at $13.54, with a volume of 8,375 shares.

The company has a 50 day simple moving average of $13.54.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be paid a $0.045 dividend. The ex-dividend date is Friday, July 12th. This represents a $0.54 annualized dividend and a dividend yield of 3.99%.

Several hedge funds and other institutional investors have recently bought and sold shares of BNY. Advisor Group Inc. grew its position in Blackrock New York Municipal Income Trst by 35.2% during the fourth quarter. Advisor Group Inc. now owns 12,832 shares of the financial services provider’s stock valued at $157,000 after buying an additional 3,344 shares during the period. Cooper Haims Advisors LLC bought a new position in Blackrock New York Municipal Income Trst during the first quarter valued at about $217,000. Bank of America Corp DE grew its position in Blackrock New York Municipal Income Trst by 95.0% during the fourth quarter. Bank of America Corp DE now owns 165,985 shares of the financial services provider’s stock valued at $2,031,000 after buying an additional 80,866 shares during the period. Cohen & Steers Inc. grew its position in Blackrock New York Municipal Income Trst by 99.0% during the fourth quarter. Cohen & Steers Inc. now owns 10,282 shares of the financial services provider’s stock valued at $126,000 after buying an additional 5,114 shares during the period. Finally, Karpus Management Inc. grew its position in Blackrock New York Municipal Income Trst by 54.8% during the fourth quarter. Karpus Management Inc. now owns 451,636 shares of the financial services provider’s stock valued at $5,528,000 after buying an additional 159,882 shares during the period.

About Blackrock New York Municipal Income Trst (NYSE:BNY)

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.

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