Blackrock New York Municipal Income Trst (BNY) Hits New 52-Week High at $13.79

Shares of Blackrock New York Municipal Income Trst (NYSE:BNY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.79 and last traded at $13.79, with a volume of 28845 shares trading hands. The stock had previously closed at $13.50.

The company also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a $0.0445 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.53 annualized dividend and a dividend yield of 3.93%.

Several institutional investors and hedge funds have recently modified their holdings of BNY. Kore Private Wealth LLC bought a new stake in shares of Blackrock New York Municipal Income Trst in the first quarter valued at $79,000. Patten Group Inc. bought a new stake in shares of Blackrock New York Municipal Income Trst in the fourth quarter valued at $86,000. Cohen & Steers Inc. raised its stake in shares of Blackrock New York Municipal Income Trst by 99.0% in the fourth quarter. Cohen & Steers Inc. now owns 10,282 shares of the financial services provider’s stock valued at $126,000 after buying an additional 5,114 shares during the period. Family Management Corp bought a new stake in shares of Blackrock New York Municipal Income Trst in the first quarter valued at $151,000. Finally, Advisor Group Inc. raised its stake in shares of Blackrock New York Municipal Income Trst by 35.2% during the 4th quarter. Advisor Group Inc. now owns 12,832 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 3,344 shares during the period.

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About Blackrock New York Municipal Income Trst (NYSE:BNY)

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.

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