BlackRock New York Municipal Income Trust (NYSE:BNY) Stock Passes Above 200 Day Moving Average – What’s Next?

BlackRock New York Municipal Income Trust (NYSE:BNY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.81 and traded as high as $10.21. BlackRock New York Municipal Income Trust shares last traded at $10.19, with a volume of 94,772 shares traded.

BlackRock New York Municipal Income Trust Price Performance

The stock’s 50 day moving average is $10.14 and its two-hundred day moving average is $9.81.

BlackRock New York Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.051 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, November 14th.

Hedge Funds Weigh In On BlackRock New York Municipal Income Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Traub Capital Management LLC acquired a new stake in shares of BlackRock New York Municipal Income Trust during the second quarter worth approximately $72,000. PFG Investments LLC bought a new stake in BlackRock New York Municipal Income Trust during the 2nd quarter worth approximately $111,000. Ackerman Capital Advisors LLC acquired a new stake in BlackRock New York Municipal Income Trust during the 2nd quarter valued at $128,000. Orion Porfolio Solutions LLC bought a new position in shares of BlackRock New York Municipal Income Trust in the second quarter valued at about $176,000. Finally, Plancorp LLC acquired a new position in shares of BlackRock New York Municipal Income Trust during the first quarter worth approximately $327,000.

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.