Dakota Wealth Management Takes Position in BlackRock New York Municipal Income Trust (NYSE:BNY)

Dakota Wealth Management bought a new stake in BlackRock New York Municipal Income Trust (NYSE:BNY) during the 4th quarter, HoldingsChannel reports. The fund bought 11,000 shares of the financial services provider’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BNY. Rivernorth Capital Management LLC raised its stake in shares of BlackRock New York Municipal Income Trust by 46.1% in the third quarter. Rivernorth Capital Management LLC now owns 333,170 shares of the financial services provider’s stock valued at $3,665,000 after acquiring an additional 105,187 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of BlackRock New York Municipal Income Trust in the third quarter worth about $598,000. Wolverine Asset Management LLC grew its holdings in shares of BlackRock New York Municipal Income Trust by 43,133.0% in the third quarter. Wolverine Asset Management LLC now owns 43,233 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 43,133 shares during the last quarter. Horizon Kinetics Asset Management LLC bought a new position in shares of BlackRock New York Municipal Income Trust in the third quarter worth about $201,000. Finally, Sanctuary Advisors LLC bought a new position in shares of BlackRock New York Municipal Income Trust in the second quarter worth about $151,000.

BlackRock New York Municipal Income Trust Stock Performance

NYSE BNY opened at $10.29 on Monday. The company’s 50-day moving average price is $10.44 and its 200-day moving average price is $10.68. BlackRock New York Municipal Income Trust has a 12 month low of $10.05 and a 12 month high of $11.10.

BlackRock New York Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Wednesday, January 15th.

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.