Tyche Wealth Partners LLC Buys New Position in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Tyche Wealth Partners LLC purchased a new position in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,904 shares of the financial services provider’s stock, valued at approximately $408,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Investment Advisors LLC grew its position in BlackRock Long-Term Municipal Advantage Trust by 37.9% during the fourth quarter. Capital Investment Advisors LLC now owns 40,025 shares of the financial services provider’s stock worth $409,000 after buying an additional 11,000 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in BlackRock Long-Term Municipal Advantage Trust during the 3rd quarter valued at approximately $694,000. Van ECK Associates Corp lifted its position in shares of BlackRock Long-Term Municipal Advantage Trust by 18.7% during the third quarter. Van ECK Associates Corp now owns 72,586 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 11,448 shares during the last quarter. Raymond James & Associates raised its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 14.6% during the third quarter. Raymond James & Associates now owns 12,532 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,600 shares during the period. Finally, HBK Sorce Advisory LLC bought a new position in BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth $225,000.

BlackRock Long-Term Municipal Advantage Trust Price Performance

Shares of BTA stock opened at $9.71 on Thursday. BlackRock Long-Term Municipal Advantage Trust has a 12-month low of $8.59 and a 12-month high of $10.62. The business has a 50 day simple moving average of $10.09 and a 200 day simple moving average of $9.82.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.043 per share. The ex-dividend date is Friday, April 12th. This represents a $0.52 annualized dividend and a yield of 5.31%.

About BlackRock Long-Term Municipal Advantage Trust

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.