Rivernorth Capital Management LLC Buys 105,187 Shares of BlackRock New York Municipal Income Trust (NYSE:BNY)

Rivernorth Capital Management LLC increased its stake in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 46.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,170 shares of the financial services provider’s stock after purchasing an additional 105,187 shares during the quarter. Rivernorth Capital Management LLC’s holdings in BlackRock New York Municipal Income Trust were worth $3,665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pathway Financial Advisers LLC increased its holdings in shares of BlackRock New York Municipal Income Trust by 1,000.0% during the third quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock worth $53,000 after buying an additional 4,390 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in BlackRock New York Municipal Income Trust in the third quarter valued at about $152,000. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock New York Municipal Income Trust during the second quarter valued at about $151,000. Horizon Kinetics Asset Management LLC bought a new position in BlackRock New York Municipal Income Trust in the 3rd quarter valued at approximately $201,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in BlackRock New York Municipal Income Trust by 3.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 42,446 shares of the financial services provider’s stock worth $455,000 after buying an additional 1,600 shares during the period.

BlackRock New York Municipal Income Trust Price Performance

BNY opened at $10.76 on Friday. BlackRock New York Municipal Income Trust has a fifty-two week low of $10.13 and a fifty-two week high of $11.10. The company’s 50 day moving average price is $10.73 and its two-hundred day moving average price is $10.76.

BlackRock New York Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend is Monday, December 16th.

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.