BlackRock LT Municipal Advantage Trust (NYSE:BTA)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.92 and traded as high as $12.63. BlackRock LT Municipal Advantage Trust shares last traded at $12.43, with a volume of 2,237 shares changing hands.

The firm’s 50-day simple moving average is $12.92 and its 200-day simple moving average is $12.31.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a $0.051 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.61 annualized dividend and a yield of 4.94%.

A number of institutional investors have recently added to or reduced their stakes in BTA. First Trust Advisors LP raised its holdings in shares of BlackRock LT Municipal Advantage Trust by 6.8% in the 1st quarter. First Trust Advisors LP now owns 74,990 shares of the financial services provider’s stock valued at $918,000 after purchasing an additional 4,748 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of BlackRock LT Municipal Advantage Trust in the 2nd quarter valued at about $64,000. Wells Fargo & Company MN raised its holdings in shares of BlackRock LT Municipal Advantage Trust by 29.7% in the 2nd quarter. Wells Fargo & Company MN now owns 256,136 shares of the financial services provider’s stock valued at $3,235,000 after purchasing an additional 58,634 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of BlackRock LT Municipal Advantage Trust by 3.5% in the 2nd quarter. Van ECK Associates Corp now owns 43,841 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 1,492 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of BlackRock LT Municipal Advantage Trust by 60.9% in the 2nd quarter. Royal Bank of Canada now owns 24,612 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 9,311 shares in the last quarter.

BlackRock LT Municipal Advantage Trust Company Profile (NYSE:BTA)

BlackRock Long-Term Municipal Advantage 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 of the United States. It uses financial derivatives to invest in municipal obligations. The fund primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of investment.

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