Wed Sep 25 07:20:48 UTC 2024: ## Commonwealth Equity Services Reduces Stake in BlackRock New York Municipal Income Trust
**New York, NY – September 25, 2024** – Commonwealth Equity Services LLC reduced its stake in BlackRock New York Municipal Income Trust (NYSE: BNY) by 11.6% during the second quarter, according to a recent SEC filing. The firm now owns 25,722 shares of the financial services provider, valued at $275,000.
This move comes amidst a broader trend of institutional investors adjusting their holdings in BNY. Focused Wealth Management Inc. increased its position by 6.4% in the first quarter, while Joel Isaacson & Co. LLC and Tidal Investments LLC also purchased new stakes.
BlackRock New York Municipal Income Trust is a closed-ended fixed income mutual fund that primarily invests in investment-grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.
The stock opened at $11.03 on Wednesday, with a 50-day moving average of $10.80 and a 200-day moving average of $10.67. BNY has a 12-month low of $8.60 and a 12-month high of $11.05.
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