Raymond James Financial Services Advisors Inc. Has $174,000 Stock Holdings in BlackRock New York Municipal Income Trust (NYSE:BNY)

Raymond James Financial Services Advisors Inc. grew its stake in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 43.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,546 shares of the financial services provider’s stock after buying an additional 5,032 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock New York Municipal Income Trust were worth $174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. AQR Arbitrage LLC grew its position in BlackRock New York Municipal Income Trust by 44.7% in the 3rd quarter. AQR Arbitrage LLC now owns 205,932 shares of the financial services provider’s stock valued at $1,874,000 after purchasing an additional 63,623 shares during the period. Saba Capital Management L.P. grew its holdings in shares of BlackRock New York Municipal Income Trust by 47.6% during the third quarter. Saba Capital Management L.P. now owns 1,255,100 shares of the financial services provider’s stock valued at $11,421,000 after buying an additional 405,007 shares during the last quarter. Moody National Bank Trust Division increased its position in shares of BlackRock New York Municipal Income Trust by 10.3% during the fourth quarter. Moody National Bank Trust Division now owns 11,687 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 1,092 shares in the last quarter. Almitas Capital LLC acquired a new stake in shares of BlackRock New York Municipal Income Trust in the 3rd quarter worth about $134,000. Finally, Raymond James & Associates lifted its position in BlackRock New York Municipal Income Trust by 8.1% in the 3rd quarter. Raymond James & Associates now owns 17,405 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 1,300 shares in the last quarter.

BlackRock New York Municipal Income Trust Trading Down 0.2 %

BNY stock opened at $10.32 on Friday. The business has a 50-day simple moving average of $10.52 and a two-hundred day simple moving average of $10.15. BlackRock New York Municipal Income Trust has a 52-week low of $8.60 and a 52-week high of $10.80.

BlackRock New York Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.043 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.52 annualized dividend and a dividend yield of 5.00%.

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.