BlackRock New York Municipal Income Trust (NYSE:BNY) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

BlackRock New York Municipal Income Trust (NYSE:BNY)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.62 and traded as high as $10.62. BlackRock New York Municipal Income Trust shares last traded at $10.61, with a volume of 42,685 shares.

BlackRock New York Municipal Income Trust Price Performance

The company’s 50-day moving average is $10.37 and its 200-day moving average is $10.62.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 5.77%. The ex-dividend date was Friday, February 14th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BNY. Focused Wealth Management Inc increased its holdings in shares of BlackRock New York Municipal Income Trust by 0.8% during the third quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock worth $1,303,000 after buying an additional 978 shares in the last quarter. Wolverine Asset Management LLC raised its stake 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 valued at $476,000 after acquiring an additional 43,133 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of BlackRock New York Municipal Income Trust in the third quarter valued at approximately $152,000. Horizon Kinetics Asset Management LLC bought a new position in shares of BlackRock New York Municipal Income Trust in the third quarter valued at approximately $201,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of BlackRock New York Municipal Income Trust in the third quarter valued at approximately $598,000.

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.