Focused Wealth Management Inc Has $1.30 Million Stock Holdings in BlackRock New York Municipal Income Trust (NYSE:BNY)

Focused Wealth Management Inc grew its position in BlackRock New York Municipal Income Trust (NYSE:BNY) by 0.8% during the third quarter, HoldingsChannel reports. The firm owned 118,483 shares of the financial services provider’s stock after buying an additional 978 shares during the quarter. Focused Wealth Management Inc’s holdings in BlackRock New York Municipal Income Trust were worth $1,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Blue Bell Private Wealth Management LLC grew its position in shares of BlackRock New York Municipal Income Trust by 3.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 42,446 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 1,600 shares during the last quarter. Tidal Investments LLC boosted its stake in BlackRock New York Municipal Income Trust by 8.5% during the 1st quarter. Tidal Investments LLC now owns 31,252 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 2,454 shares during the period. Pathway Financial Advisers LLC grew its holdings in BlackRock New York Municipal Income Trust by 1,000.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock valued at $53,000 after buying an additional 4,390 shares during the last quarter. Cetera Investment Advisers increased its position in BlackRock New York Municipal Income Trust by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 96,357 shares of the financial services provider’s stock worth $1,032,000 after buying an additional 6,443 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of BlackRock New York Municipal Income Trust during the second quarter worth approximately $151,000.

BlackRock New York Municipal Income Trust Price Performance

BNY opened at $10.64 on Wednesday. The business has a 50 day moving average of $10.85 and a 200-day moving average of $10.74. BlackRock New York Municipal Income Trust has a 1-year low of $9.09 and a 1-year high of $11.10.

BlackRock New York Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date is Friday, November 15th.

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.