Bernard Wealth Management Corp. Purchases Shares of 3,300 BlackRock Long-Term Municipal Advantage Trust $BTA

Bernard Wealth Management Corp. purchased a new stake in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,300 shares of the financial services provider’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BTA. Landscape Capital Management L.L.C. acquired a new position in BlackRock Long-Term Municipal Advantage Trust in the first quarter valued at about $110,000. River Street Advisors LLC acquired a new position in BlackRock Long-Term Municipal Advantage Trust in the second quarter valued at about $173,000. Wolverine Asset Management LLC boosted its position in BlackRock Long-Term Municipal Advantage Trust by 569.3% in the first quarter. Wolverine Asset Management LLC now owns 41,149 shares of the financial services provider’s stock valued at $399,000 after buying an additional 35,001 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in BlackRock Long-Term Municipal Advantage Trust by 2.2% in the first quarter. NewEdge Advisors LLC now owns 65,678 shares of the financial services provider’s stock valued at $636,000 after buying an additional 1,385 shares in the last quarter.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

NYSE:BTA opened at $9.47 on Friday. BlackRock Long-Term Municipal Advantage Trust has a 12 month low of $8.73 and a 12 month high of $11.10. The company’s 50-day moving average price is $9.31 and its two-hundred day moving average price is $9.18.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.0495 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Wednesday, October 15th.

BlackRock Long-Term Municipal Advantage Trust Company Profile

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.