Ownership Action Report: Blackrock New York Municipal Income Trust (NYSE:BNY) Stock Price Up as Sentiment Improves

November 18, 2016 - By Peter Erickson   ·   0 Comments

Ownership Action Report: Blackrock New York Municipal Income Trust (NYSE:BNY) Stock Price Up as Sentiment  Improves

Sentiment for Blackrock New York Municipal Income Trust (NYSE:BNY)

Blackrock New York Municipal Income Trust (NYSE:BNY) institutional sentiment increased to 5.5 in Q2 2016. Its up 4.50, from 1 in 2016Q1. The ratio is positive, as 7 active investment managers increased or started new holdings, while 7 reduced and sold their positions in Blackrock New York Municipal Income Trust. The active investment managers in our partner’s database now hold: 654,089 shares, down from 718,662 shares in 2016Q1. Also, the number of active investment managers holding Blackrock New York Municipal Income Trust in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 2 Increased: 6 New Position: 1.

BlackRock New York Municipal Income Trust is a non-diversified, closed-end management investment company. The company has a market cap of $178.45 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax and New York State and New York City personal income taxes. It currently has negative earnings. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New York State and New York City personal income taxes.

About 17,640 shares traded hands. Blackrock New York Municipal Income Trst (NYSE:BNY) has declined 11.53% since April 18, 2016 and is downtrending. It has underperformed by 15.96% the S&P500.

Focused Wealth Management Inc holds 0.3% of its portfolio in Blackrock New York Municipal Income Trst for 39,189 shares. Joel Isaacson & Co. Llc owns 30,000 shares or 0.11% of their US portfolio. Moreover, Guggenheim Capital Llc has 0.02% invested in the company for 301,045 shares. The Florida-based Ladenburg Thalmann Financial Services Inc has invested 0.01% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 52,375 shares.#img1#

BNY Company Profile

BlackRock New York Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income taxes, and New York State and New York City personal income taxes. The Trust will invest at least 80% of its total assets in municipal bonds that are of investment-grade quality, or determined by BlackRock, Inc. (BlackRock) to be of equivalent credit quality at the time of purchase. It may invest up to 20% of its total assets in municipal bonds that are rated, at the time of investment, Ba/BB or B by Moody’s Investors Service, Standard & Poor’s or Fitch Ratings, or that are unrated but judged to be of comparable quality by BlackRock.

More important recent Blackrock New York Municipal Income Trst (NYSE:BNY) news were published by: Streetinsider.com which released: “Form NSAR-B BLACKROCK MASSACHUSETTS For: Aug 31” on October 28, 2016, also Marketwatch.com published article titled: “BlackRock Municipal Income Quality Trust downgraded to hold from buy at Stifel …”, Businesswire.com published: “Fitch Affirms VRDP, VMTP, and RVMTP Shares Issued by 49 BlackRock Closed-End Funds” on May 05, 2014. More interesting news about Blackrock New York Municipal Income Trst (NYSE:BNY) was released by: Moodys.com and their article: “Moody’s withdraws short-term ratings of VRDP shares issued by seven BlackRock …” with publication date: October 22, 2015.

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By Peter Erickson


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