Blackrock New York Municipal Income Trst (NYSE:BNY) Stock Price Crosses Below Two Hundred Day Moving Average of $13.68

Shares of Blackrock New York Municipal Income Trst (NYSE:BNY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.68 and traded as low as $14.22. Blackrock New York Municipal Income Trst shares last traded at $14.25, with a volume of 4,426 shares trading hands.

The firm has a fifty day simple moving average of $14.08 and a 200 day simple moving average of $13.69.

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.046 per share. This represents a $0.55 annualized dividend and a yield of 3.94%. The ex-dividend date is Friday, October 11th. This is an increase from Blackrock New York Municipal Income Trst’s previous monthly dividend of $0.05.

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in Blackrock New York Municipal Income Trst by 9,575.6% during the second quarter. Wells Fargo & Company MN now owns 141,264 shares of the financial services provider’s stock valued at $1,916,000 after purchasing an additional 139,804 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Blackrock New York Municipal Income Trst in the second quarter valued at approximately $375,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Blackrock New York Municipal Income Trst in the second quarter valued at approximately $62,000. Family Management Corp bought a new stake in shares of Blackrock New York Municipal Income Trst in the first quarter valued at approximately $151,000. Finally, Morgan Stanley boosted its position in shares of Blackrock New York Municipal Income Trst by 1.3% in the second quarter. Morgan Stanley now owns 94,665 shares of the financial services provider’s stock valued at $1,284,000 after acquiring an additional 1,180 shares during the period.

Blackrock New York Municipal Income Trst Company Profile (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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