Horizon Kinetics Asset Management LLC Takes $201,000 Position in BlackRock New York Municipal Income Trust (NYSE:BNY)

Horizon Kinetics Asset Management LLC acquired a new stake in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,237 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently made changes to their positions in BNY. Pathway Financial Advisers LLC boosted its stake in shares of BlackRock New York Municipal Income Trust by 1,000.0% during 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. Sanctuary Advisors LLC purchased a new stake in BlackRock New York Municipal Income Trust in the second quarter worth $151,000. Landscape Capital Management L.L.C. purchased a new stake in BlackRock New York Municipal Income Trust in the third quarter worth $152,000. Tidal Investments LLC lifted its stake in BlackRock New York Municipal Income Trust by 8.5% in the first quarter. Tidal Investments LLC now owns 31,252 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 2,454 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its stake in BlackRock New York Municipal Income Trust by 3.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 42,446 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 1,600 shares during the period.

BlackRock New York Municipal Income Trust Stock Down 0.1 %

Shares of BNY stock opened at $10.62 on Wednesday. The stock has a fifty day moving average of $10.79 and a 200 day moving average of $10.75. BlackRock New York Municipal Income Trust has a 52 week low of $9.77 and a 52 week high of $11.10.

BlackRock New York Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Friday, November 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.