Today’s Stock Alert: Blackrock New York Municipal Income Quality Trust (NYSE:BSE) Sentiment Up, Despite Downtrend

November 18, 2016 - By Marie Mckinney   ·   0 Comments

Today's Stock Alert: Blackrock New York Municipal Income Quality Trust (NYSE:BSE) Sentiment  Up,  Despite Downtrend

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

Blackrock New York Municipal Income Quality Trust (NYSE:BSE) institutional sentiment increased to 2 in Q2 2016. Its up 1.45, from 0.55 in 2016Q1. The ratio is more positive, as 6 institutional investors increased or opened new positions, while 11 cut down and sold stakes in Blackrock New York Municipal Income Quality Trust. The institutional investors in our partner’s database now hold: 610,466 shares, down from 622,222 shares in 2016Q1. Also, the number of institutional investors holding Blackrock New York Municipal Income Quality Trust in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 6 Increased: 5 New Position: 1.

BlackRock New York Insured Municipal Income Trust is a non-diversified, closed-end municipal bond fund. The company has a market cap of $84.18 million. The Trust’s investment objective is to provide current income exempt from federal income taxes, 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 at least 80% of its assets in municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.

About 2,321 shares traded hands. BlackRock New York Insured Municipal Inc (NYSE:BSE) has declined 9.62% since April 18, 2016 and is downtrending. It has underperformed by 14.05% the S&P500.

Focused Wealth Management Inc holds 0.3% of its portfolio in BlackRock New York Insured Municipal Inc for 42,690 shares. Grace & White Inc Ny owns 17,047 shares or 0.06% of their US portfolio. Moreover, Karpus Management Inc. has 0.06% invested in the company for 80,261 shares. The Illinois-based Guggenheim Capital Llc has invested 0.01% in the stock. Horizon Kinetics Llc, a New York-based fund reported 32,257 shares.#img1#

BSE Company Profile

BlackRock New York Insured Municipal Income Trust (the Trust) is a non-diversified, closed-end municipal bond fund. The Trust’s investment objective is to provide current income exempt from federal income taxes (including the alternative minimum tax), and New York State and New York City personal income taxes. The Trust manages its assets so that at the time of investment, at least 80% of its managed assets are invested in municipal bonds rated in the highest category (AAA by S&P or Fitch or Aaa by Moody’s) or, if unrated, determined to be of comparable quality by BlackRock, Inc.

More recent BlackRock New York Insured Municipal Inc (NYSE:BSE) news were published by: Zacks.com which released: “3 Top-Ranked New York Muni Bond Mutual Funds for Stable Return” on October 20, 2015. Also Nasdaq.com published the news titled: “Blackrock Muni New York Intermediate Duration Fund Inc (MNE) Ex-Dividend Date …” on October 11, 2016. Forbes.com‘s news article titled: “How To Get 5% Dividends Tax Free” with publication date: September 24, 2016 was also an interesting one.

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By Marie Mckinney


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