Bridgewater Advisors Inc. Buys New Stake in BlackRock New York Municipal Income Trust $BNY

Bridgewater Advisors Inc. bought a new stake in BlackRock New York Municipal Income Trust (NYSE:BNY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 40,370 shares of the financial services provider’s stock, valued at approximately $379,000.

Several other large investors have also recently added to or reduced their stakes in BNY. Focused Wealth Management Inc increased its position in BlackRock New York Municipal Income Trust by 1.0% in 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 acquiring an additional 1,060 shares during the period. Cetera Investment Advisers increased its position in BlackRock New York Municipal Income Trust by 5.1% in the 1st quarter. Cetera Investment Advisers now owns 109,048 shares of the financial services provider’s stock valued at $1,109,000 after acquiring an additional 5,282 shares during the period. Plancorp LLC acquired a new stake in BlackRock New York Municipal Income Trust in the 1st quarter valued at approximately $327,000. PFG Investments LLC acquired a new stake in BlackRock New York Municipal Income Trust in the 2nd quarter valued at approximately $111,000. Finally, Ackerman Capital Advisors LLC acquired a new stake in BlackRock New York Municipal Income Trust in the 2nd quarter valued at approximately $128,000.

BlackRock New York Municipal Income Trust Stock Performance

BNY opened at $10.14 on Tuesday. The stock’s 50 day moving average price is $10.07 and its 200 day moving average price is $9.80. BlackRock New York Municipal Income Trust has a 12 month low of $9.30 and a 12 month high of $10.86.

BlackRock New York Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Friday, November 14th.

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.