Karpus Management Inc. Sells 115,711 Shares of BlackRock New York Municipal Income Trust (NYSE:BNY)

Karpus Management Inc. reduced its position in BlackRock New York Municipal Income Trust (NYSE:BNY) by 56.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,907 shares of the financial services provider’s stock after selling 115,711 shares during the quarter. Karpus Management Inc.’s holdings in BlackRock New York Municipal Income Trust were worth $953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Blue Bell Private Wealth Management LLC bought a new stake in shares of BlackRock New York Municipal Income Trust in the 4th quarter worth about $100,000. Wolverine Asset Management LLC purchased a new position in BlackRock New York Municipal Income Trust during the 4th quarter valued at about $121,000. Moody National Bank Trust Division increased its position in BlackRock New York Municipal Income Trust by 10.3% during the 4th quarter. Moody National Bank Trust Division now owns 11,687 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,092 shares during the period. Robinson Capital Management LLC purchased a new position in shares of BlackRock New York Municipal Income Trust in the 4th quarter worth approximately $126,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of BlackRock New York Municipal Income Trust in the 4th quarter worth approximately $131,000.

BlackRock New York Municipal Income Trust Stock Up 0.1 %

BNY stock traded up $0.01 during trading on Thursday, reaching $10.68. The company had a trading volume of 74,607 shares, compared to its average volume of 40,784. The firm has a 50-day simple moving average of $10.69 and a 200-day simple moving average of $10.58. BlackRock New York Municipal Income Trust has a twelve month low of $8.60 and a twelve month high of $10.90.

BlackRock New York Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.043 per share. This represents a $0.52 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Monday, July 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.