Traub Capital Management LLC Invests $72,000 in BlackRock New York Municipal Income Trust $BNY

Traub Capital Management LLC purchased a new stake in BlackRock New York Municipal Income Trust (NYSE:BNY) in the second quarter, HoldingsChannel reports. The firm purchased 7,468 shares of the financial services provider’s stock, valued at approximately $72,000.

Other institutional investors have also recently bought and sold shares of the company. PFG Investments LLC acquired a new position in BlackRock New York Municipal Income Trust during the 2nd quarter worth $111,000. Ackerman Capital Advisors LLC acquired a new stake in shares of BlackRock New York Municipal Income Trust in the 2nd quarter valued at $128,000. Plancorp LLC bought a new stake in shares of BlackRock New York Municipal Income Trust during the first quarter worth $327,000. Envestnet Asset Management Inc. lifted its stake in shares of BlackRock New York Municipal Income Trust by 46.6% during the second quarter. Envestnet Asset Management Inc. now owns 35,946 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 11,419 shares during the period. Finally, Bridgewater Advisors Inc. bought a new position in BlackRock New York Municipal Income Trust in the second quarter valued at about $379,000.

BlackRock New York Municipal Income Trust Trading Down 0.3%

Shares of BNY stock opened at $10.12 on Thursday. BlackRock New York Municipal Income Trust has a 12 month low of $9.30 and a 12 month high of $10.86. The stock has a 50-day moving average price of $10.19 and a 200 day moving average price of $9.83.

BlackRock New York Municipal Income Trust Dividend Announcement

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

BlackRock New York Municipal Income Trust 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.