Infrastructure Capital Advisors LLC Sells 4,176 Shares of Blackrock New York Municipal Income Trst (NYSE:BNY)

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Infrastructure Capital Advisors LLC trimmed its holdings in shares of Blackrock New York Municipal Income Trst (NYSE:BNY) by 15.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,282 shares of the financial services provider’s stock after selling 4,176 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Blackrock New York Municipal Income Trst were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Family Management Corp purchased a new stake in shares of Blackrock New York Municipal Income Trst in the first quarter valued at approximately $151,000. Steward Partners Investment Advisory LLC bought a new position in Blackrock New York Municipal Income Trst in the second quarter valued at about $62,000. Wells Fargo & Company MN lifted its holdings in Blackrock New York Municipal Income Trst by 9,575.6% in the second quarter. Wells Fargo & Company MN now owns 141,264 shares of the financial services provider’s stock valued at $1,916,000 after acquiring an additional 139,804 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in Blackrock New York Municipal Income Trst in the second quarter valued at about $375,000.

BNY stock traded down $0.07 during trading on Thursday, reaching $13.80. The stock had a trading volume of 100 shares, compared to its average volume of 20,909. Blackrock New York Municipal Income Trst has a 52 week low of $11.70 and a 52 week high of $14.67. The stock’s 50 day moving average is $14.14 and its two-hundred day moving average is $13.53.

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Friday, September 13th.

Blackrock New York Municipal Income Trst 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.

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Institutional Ownership by Quarter for Blackrock New York Municipal Income Trst (NYSE:BNY)

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