LPL Financial LLC Has $598,000 Holdings in BlackRock New York Municipal Income Trust (NYSE:BNY)

LPL Financial LLC grew its stake in BlackRock New York Municipal Income Trust (NYSE:BNY) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,648 shares of the financial services provider’s stock after purchasing an additional 8,384 shares during the period. LPL Financial LLC’s holdings in BlackRock New York Municipal Income Trust were worth $598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 buying an additional 1,749 shares during the period. Dakota Wealth Management bought a new stake in shares of BlackRock New York Municipal Income Trust in the 4th quarter worth approximately $112,000. Summit Trail Advisors LLC acquired a new stake in shares of BlackRock New York Municipal Income Trust during the 4th quarter worth approximately $146,000. Wolverine Asset Management LLC increased its position in shares of BlackRock New York Municipal Income Trust by 58.5% during the fourth quarter. Wolverine Asset Management LLC now owns 68,505 shares of the financial services provider’s stock valued at $698,000 after purchasing an additional 25,272 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of BlackRock New York Municipal Income Trust in the fourth quarter valued at $259,000.

BlackRock New York Municipal Income Trust Trading Down 0.2 %

BNY opened at $9.71 on Thursday. The firm’s fifty day moving average price is $10.16 and its two-hundred day moving average price is $10.41. BlackRock New York Municipal Income Trust has a fifty-two week low of $9.55 and a fifty-two week high of $11.10.

BlackRock New York Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.051 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.61 dividend on an annualized basis and a yield of 6.30%.

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.