Ackerman Capital Advisors LLC Makes New Investment in BlackRock New York Municipal Income Trust $BNY

Ackerman Capital Advisors LLC bought a new position in BlackRock New York Municipal Income Trust (NYSE:BNY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,235 shares of the financial services provider’s stock, valued at approximately $128,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. PFG Investments LLC purchased a new stake in BlackRock New York Municipal Income Trust in the second quarter worth $111,000. Plancorp LLC purchased a new stake in BlackRock New York Municipal Income Trust in the first quarter worth $327,000. Cetera Investment Advisers increased its stake in BlackRock New York Municipal Income Trust by 5.1% in the first quarter. Cetera Investment Advisers now owns 109,048 shares of the financial services provider’s stock worth $1,109,000 after purchasing an additional 5,282 shares during the period. Focused Wealth Management Inc increased its stake in BlackRock New York Municipal Income Trust by 1.0% in the first quarter. Focused Wealth Management Inc now owns 111,453 shares of the financial services provider’s stock worth $1,133,000 after purchasing an additional 1,060 shares during the period. Finally, Mackay Shields LLC increased its stake in BlackRock New York Municipal Income Trust by 34.8% in the first quarter. Mackay Shields LLC now owns 218,559 shares of the financial services provider’s stock worth $2,223,000 after purchasing an additional 56,373 shares during the period.

BlackRock New York Municipal Income Trust Stock Performance

Shares of BlackRock New York Municipal Income Trust stock opened at $10.22 on Friday. BlackRock New York Municipal Income Trust has a 12 month low of $9.30 and a 12 month high of $10.96. The stock’s fifty day moving average price is $9.84 and its 200-day moving average price is $9.76.

BlackRock New York Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.051 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 6.0%.

About BlackRock New York Municipal Income Trust

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.