BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Plans Monthly Dividend of $0.04

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTAGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be paid a dividend of 0.043 per share by the financial services provider on Wednesday, May 1st. This represents a $0.52 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Friday, April 12th.

BlackRock Long-Term Municipal Advantage Trust Price Performance

Shares of NYSE BTA remained flat at $9.89 during midday trading on Wednesday. 17,777 shares of the company traded hands, compared to its average volume of 23,445. BlackRock Long-Term Municipal Advantage Trust has a one year low of $8.59 and a one year high of $10.62. The firm has a 50-day moving average of $10.20 and a 200-day moving average of $9.79.

Institutional Investors Weigh In On BlackRock Long-Term Municipal Advantage Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. grew its holdings in BlackRock Long-Term Municipal Advantage Trust by 69.9% in the second quarter. Osaic Holdings Inc. now owns 11,617 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 4,779 shares during the period. Raymond James & Associates bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the fourth quarter worth approximately $103,000. Envestnet Asset Management Inc. bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the fourth quarter worth approximately $114,000. Steward Partners Investment Advisory LLC lifted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 93.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,423 shares of the financial services provider’s stock worth $117,000 after buying an additional 5,518 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 18.9% in the second quarter. Royal Bank of Canada now owns 12,903 shares of the financial services provider’s stock worth $125,000 after buying an additional 2,054 shares in the last quarter.

About BlackRock Long-Term Municipal Advantage Trust

(Get Free Report)

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.

Further Reading

Dividend History for BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Receive News & Ratings for BlackRock Long-Term Municipal Advantage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Long-Term Municipal Advantage Trust and related companies with MarketBeat.com's FREE daily email newsletter.