BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA – Get Free Report) declared a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be paid a dividend of 0.0495 per share by the financial services provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, November 14th.
BlackRock Long-Term Municipal Advantage Trust Trading Up 0.5%
Shares of BTA stock opened at $9.54 on Wednesday. The business’s 50 day moving average is $9.50 and its two-hundred day moving average is $9.20. BlackRock Long-Term Municipal Advantage Trust has a 12-month low of $8.73 and a 12-month high of $11.10.
Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust
Hedge funds have recently bought and sold shares of the business. Bernard Wealth Management Corp. purchased a new position in BlackRock Long-Term Municipal Advantage Trust during the second quarter worth approximately $30,000. Ameriprise Financial Inc. purchased a new position in BlackRock Long-Term Municipal Advantage Trust during the second quarter worth approximately $101,000. Landscape Capital Management L.L.C. purchased a new position in BlackRock Long-Term Municipal Advantage Trust during the first quarter worth approximately $110,000. PFG Investments LLC boosted its position in BlackRock Long-Term Municipal Advantage Trust by 10.0% during the third quarter. PFG Investments LLC now owns 12,959 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter valued at approximately $165,000.
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.
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