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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) announced a monthly dividend on Friday, November 17th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.0435 per share by the financial services provider on Friday, March 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date is Wednesday, February 14th.

BlackRock Long-Term Municipal Advantage Trust Price Performance

Shares of BTA stock traded up $0.15 during midday trading on Friday, reaching $9.68. 59,951 shares of the company traded hands, compared to its average volume of 40,287. The firm’s 50 day simple moving average is $9.08 and its two-hundred day simple moving average is $9.46. BlackRock Long-Term Municipal Advantage Trust has a 1-year low of $8.59 and a 1-year high of $10.61.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. grew its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 400.9% during the 1st quarter. Advisors Asset Management Inc. now owns 137,049 shares of the financial services provider’s stock valued at $1,606,000 after buying an additional 109,687 shares during the period. Morgan Stanley grew its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 39.5% during the 4th quarter. Morgan Stanley now owns 170,303 shares of the financial services provider’s stock valued at $1,601,000 after buying an additional 48,232 shares during the period. LPL Financial LLC grew its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 33.8% during the 3rd quarter. LPL Financial LLC now owns 88,013 shares of the financial services provider’s stock valued at $789,000 after buying an additional 22,244 shares during the period. Royal Bank of Canada grew its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 389.3% during the 3rd quarter. Royal Bank of Canada now owns 63,130 shares of the financial services provider’s stock valued at $566,000 after buying an additional 50,227 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 4.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 41,048 shares of the financial services provider’s stock valued at $481,000 after buying an additional 1,783 shares during the period.

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.