Sanctuary Advisors LLC Invests $151,000 in BlackRock New York Municipal Income Trust (NYSE:BNY)

Sanctuary Advisors LLC bought a new position in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,654 shares of the financial services provider’s stock, valued at approximately $151,000.

Several other hedge funds have also modified their holdings of BNY. Joel Isaacson & Co. LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust during the 1st quarter worth about $450,000. ORG Partners LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust during the 1st quarter worth about $244,000. Focused Wealth Management Inc lifted its stake in BlackRock New York Municipal Income Trust by 6.4% in the 1st quarter. Focused Wealth Management Inc now owns 117,638 shares of the financial services provider’s stock valued at $1,247,000 after buying an additional 7,114 shares in the last quarter. Tidal Investments LLC lifted its stake in BlackRock New York Municipal Income Trust by 8.5% in the 1st quarter. Tidal Investments LLC now owns 31,252 shares of the financial services provider’s stock valued at $331,000 after buying an additional 2,454 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its stake in BlackRock New York Municipal Income Trust by 3.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 42,446 shares of the financial services provider’s stock valued at $455,000 after buying an additional 1,600 shares in the last quarter.

BlackRock New York Municipal Income Trust Stock Up 0.4 %

Shares of BlackRock New York Municipal Income Trust stock opened at $10.94 on Monday. BlackRock New York Municipal Income Trust has a twelve month low of $8.60 and a twelve month high of $11.10. The firm’s 50-day moving average price is $10.87 and its 200 day moving average price is $10.71.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date is Tuesday, October 15th.

BlackRock New York Municipal Income Trust Company 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.