Ameriprise Financial Inc. Buys 7,214 Shares of BlackRock New York Municipal Income Trust (NYSE:BNY)

Ameriprise Financial Inc. raised its stake in BlackRock New York Municipal Income Trust (NYSE:BNY) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,287 shares of the financial services provider’s stock after purchasing an additional 7,214 shares during the period. Ameriprise Financial Inc.’s holdings in BlackRock New York Municipal Income Trust were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Summit Trail Advisors LLC bought a new position in shares of BlackRock New York Municipal Income Trust during the 4th quarter worth about $146,000. Envestnet Asset Management Inc. lifted its holdings in shares of BlackRock New York Municipal Income Trust by 24.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,799 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 2,873 shares during the period. Raymond James Financial Inc. bought a new position in shares of BlackRock New York Municipal Income Trust during the 4th quarter worth about $259,000. Almitas Capital LLC lifted its holdings in shares of BlackRock New York Municipal Income Trust by 27.7% during the 4th quarter. Almitas Capital LLC now owns 28,553 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 6,200 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of BlackRock New York Municipal Income Trust by 16.7% during the 4th quarter. LPL Financial LLC now owns 58,648 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 8,384 shares during the period.

BlackRock New York Municipal Income Trust Stock Up 0.1%

NYSE:BNY opened at $9.66 on Wednesday. The company has a 50-day moving average of $9.82 and a 200-day moving average of $10.22. BlackRock New York Municipal Income Trust has a 52 week low of $9.52 and a 52 week high of $11.10.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date was Thursday, May 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.