Mackay Shields LLC Lowers Holdings in BlackRock New York Municipal Income Trust (NYSE:BNY)

Mackay Shields LLC decreased its holdings in BlackRock New York Municipal Income Trust (NYSE:BNYGet Rating) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,138 shares of the financial services provider’s stock after selling 15,065 shares during the quarter. Mackay Shields LLC’s holdings in BlackRock New York Municipal Income Trust were worth $1,554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Focused Wealth Management Inc grew its holdings in shares of BlackRock New York Municipal Income Trust by 0.8% during the 4th quarter. Focused Wealth Management Inc now owns 215,946 shares of the financial services provider’s stock worth $3,192,000 after purchasing an additional 1,697 shares during the period. Cetera Advisor Networks LLC grew its holdings in shares of BlackRock New York Municipal Income Trust by 3.5% during the 3rd quarter. Cetera Advisor Networks LLC now owns 51,893 shares of the financial services provider’s stock worth $796,000 after purchasing an additional 1,770 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of BlackRock New York Municipal Income Trust by 4.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 44,036 shares of the financial services provider’s stock worth $650,000 after purchasing an additional 1,864 shares during the period. Morgan Stanley grew its holdings in shares of BlackRock New York Municipal Income Trust by 2.6% during the 3rd quarter. Morgan Stanley now owns 122,216 shares of the financial services provider’s stock worth $1,875,000 after purchasing an additional 3,074 shares during the period. Finally, Andrew Hill Investment Advisors Inc. purchased a new stake in shares of BlackRock New York Municipal Income Trust during the 4th quarter worth about $155,000.

A number of analysts have recently issued reports on BNY shares. Barclays boosted their target price on BlackRock New York Municipal Income Trust from $62.00 to $74.00 in a report on Monday, January 3rd. Keefe, Bruyette & Woods lowered BlackRock New York Municipal Income Trust from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 11th.

Shares of BNY opened at $11.57 on Tuesday. The business’s 50 day moving average is $12.41 and its two-hundred day moving average is $13.88. BlackRock New York Municipal Income Trust has a 52-week low of $11.55 and a 52-week high of $15.66.

The firm also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th will be given a $0.047 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date is Wednesday, April 13th.

BlackRock New York Municipal Income Trust Company Profile (Get Rating)

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.

See Also

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Institutional Ownership by Quarter for BlackRock New York Municipal Income Trust (NYSE:BNY)

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