BlackRock New York Municipal Income Trust (NYSE:BNY) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lessened its position in BlackRock New York Municipal Income Trust (NYSE:BNY) by 31.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 205,383 shares of the financial services provider’s stock after selling 92,118 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock New York Municipal Income Trust were worth $2,093,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Focused Wealth Management Inc lifted its stake in shares of BlackRock New York Municipal Income Trust by 0.8% in the 3rd quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock worth $1,303,000 after acquiring an additional 978 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of BlackRock New York Municipal Income Trust by 11.9% in the third quarter. Sanctuary Advisors LLC now owns 16,403 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 1,749 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of BlackRock New York Municipal Income Trust by 1,000.0% in the third quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 4,390 shares during the period. Cetera Investment Advisers lifted its stake in shares of BlackRock New York Municipal Income Trust by 7.2% in the second quarter. Cetera Investment Advisers now owns 96,357 shares of the financial services provider’s stock valued at $1,032,000 after purchasing an additional 6,443 shares during the period. Finally, Whitebox Advisors LLC lifted its stake in shares of BlackRock New York Municipal Income Trust by 9.4% in the third quarter. Whitebox Advisors LLC now owns 82,517 shares of the financial services provider’s stock valued at $908,000 after purchasing an additional 7,084 shares during the period.

BlackRock New York Municipal Income Trust Trading Up 0.6 %

Shares of NYSE BNY opened at $10.29 on Friday. BlackRock New York Municipal Income Trust has a 52 week low of $10.05 and a 52 week high of $11.10. The firm has a 50-day moving average price of $10.47 and a 200 day moving average price of $10.69.

BlackRock New York Municipal Income Trust Dividend Announcement

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

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.