BlackRock New York Municipal Income Trust (NYSE:BNY) Shares Sold by AQR Arbitrage LLC

AQR Arbitrage LLC lessened its holdings in shares of BlackRock New York Municipal Income Trust (NYSE:BNY) by 39.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,740 shares of the financial services provider’s stock after selling 52,954 shares during the quarter. AQR Arbitrage LLC’s holdings in BlackRock New York Municipal Income Trust were worth $843,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BNY. Whitebox Advisors LLC grew its stake in shares of BlackRock New York Municipal Income Trust by 88.4% in the fourth quarter. Whitebox Advisors LLC now owns 155,471 shares of the financial services provider’s stock worth $1,584,000 after acquiring an additional 72,954 shares in the last quarter. Guggenheim Capital LLC increased its holdings in BlackRock New York Municipal Income Trust by 2.1% during the 4th quarter. Guggenheim Capital LLC now owns 353,802 shares of the financial services provider’s stock worth $3,605,000 after purchasing an additional 7,162 shares during the period. Rockefeller Capital Management L.P. raised its position in BlackRock New York Municipal Income Trust by 152.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 137,095 shares of the financial services provider’s stock valued at $1,397,000 after purchasing an additional 82,700 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of BlackRock New York Municipal Income Trust in the 4th quarter valued at about $259,000. Finally, Envestnet Asset Management Inc. grew its position in shares of BlackRock New York Municipal Income Trust by 24.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,799 shares of the financial services provider’s stock worth $151,000 after buying an additional 2,873 shares in the last quarter.

BlackRock New York Municipal Income Trust Stock Up 0.2 %

Shares of NYSE:BNY opened at $9.94 on Friday. BlackRock New York Municipal Income Trust has a fifty-two week low of $9.55 and a fifty-two week high of $11.10. The firm’s 50 day moving average price is $10.09 and its 200 day moving average price is $10.36.

BlackRock New York Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were given a dividend of $0.051 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.61 annualized dividend and a dividend yield of 6.16%.

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.