November 21, 2016 - By Louis Casey · 0 Comments
Blackrock New York Municipal Bond Trust (NYSE:BQH) institutional sentiment increased to 0.8 in 2016 Q2. Its up 0.30, from 0.5 in 2016Q1. The ratio is positive, as 3 funds increased or opened new positions, while 6 decreased and sold stock positions in Blackrock New York Municipal Bond Trust. The funds in our partner’s database now own: 91,173 shares, down from 134,324 shares in 2016Q1. Also, the number of funds holding Blackrock New York Municipal Bond Trust in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 3 Increased: 3 New Position: 0.
BlackRock New York Municipal Bond Trust is a non-diversified, closed-end management investment company. The company has a market cap of $40.19 million. The Trust’s investment objective is to provide income exempt from regular 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 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.
The stock closed at $14.18 during the last session. It is down 10.08% since April 19, 2016 and is downtrending. It has underperformed by 13.94% the S&P500.
Focused Wealth Management Inc holds 0.24% of its portfolio in Blackrock New York Municipal Bond Trust for 32,807 shares. Karpus Management Inc. owns 13,193 shares or 0.01% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 12,000 shares. The New York-based Citigroup Inc has invested 0% in the stock. Creative Planning, a Kansas-based fund reported 3,495 shares.#img1#
BlackRock New York Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trustâ€™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 investment-grade quality, or determined by its investment advisor to be of equivalent credit quality at time of purchase. The Trust 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 Moodyâ€™s Investors Service (Moody’s), Standard & Poorâ€™s (S&P) or Fitch Ratings (Fitch), or that are unrated but judged to be of comparable quality by its investment advisor.
More notable recent Blackrock New York Municipal Bond Trust (NYSE:BQH) news were published by: Streetinsider.com which released: “Form NSAR-B BLACKROCK MASSACHUSETTS For: Aug 31” on October 28, 2016, also Moodys.com with their article: “Moody’s withdraws short-term ratings of VRDP shares issued by seven BlackRock …” published on October 22, 2015, Nytimes.com published: “Municipal Bonds Still Considered Safe, Despite Some Ailing Governments” on July 24, 2015. More interesting news about Blackrock New York Municipal Bond Trust (NYSE:BQH) were released by: Businesswire.com and their article: “Fitch Affirms VRDP, VMTP, and RVMTP Shares Issued by 49 BlackRock Closed-End Funds” published on May 05, 2014 as well as Seekingalpha.com‘s news article titled: “Closed-End Target Date Muni Bond Funds Have A Good Yield And Low Interest Rate …” with publication date: November 11, 2015.
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By Louis Casey