Modern Wealth Management LLC Has $612,000 Stock Holdings in BlackRock New York Municipal Income Trust $BNY

Modern Wealth Management LLC decreased its stake in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 18.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,134 shares of the financial services provider’s stock after selling 13,799 shares during the period. Modern Wealth Management LLC’s holdings in BlackRock New York Municipal Income Trust were worth $612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BNY. Mackay Shields LLC lifted its position in BlackRock New York Municipal Income Trust by 34.8% during the 1st quarter. Mackay Shields LLC now owns 218,559 shares of the financial services provider’s stock worth $2,223,000 after buying an additional 56,373 shares in the last quarter. Plancorp LLC acquired a new position in BlackRock New York Municipal Income Trust during the 1st quarter worth about $327,000. Ameriprise Financial Inc. lifted its position in BlackRock New York Municipal Income Trust by 16.4% during the 4th quarter. Ameriprise Financial Inc. now owns 51,287 shares of the financial services provider’s stock worth $523,000 after buying an additional 7,214 shares in the last quarter. Cetera Investment Advisers lifted its position in BlackRock New York Municipal Income Trust by 5.1% during the 1st quarter. Cetera Investment Advisers now owns 109,048 shares of the financial services provider’s stock worth $1,109,000 after buying an additional 5,282 shares in the last quarter. Finally, Focused Wealth Management Inc lifted its position in BlackRock New York Municipal Income Trust by 1.0% during the 1st quarter. Focused Wealth Management Inc now owns 111,453 shares of the financial services provider’s stock valued at $1,133,000 after purchasing an additional 1,060 shares during the period.

BlackRock New York Municipal Income Trust Stock Performance

BlackRock New York Municipal Income Trust stock opened at $10.10 on Monday. BlackRock New York Municipal Income Trust has a 1 year low of $9.30 and a 1 year high of $11.10. The company’s 50-day moving average is $9.58 and its two-hundred day moving average is $9.78.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.051 per share. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

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.