BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Shares Pass Above 50 Day Moving Average of $9.97

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTAGet Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.97 and traded as high as $10.37. BlackRock Long-Term Municipal Advantage Trust shares last traded at $10.29, with a volume of 47,968 shares trading hands.

BlackRock Long-Term Municipal Advantage Trust Price Performance

The business has a 50-day moving average of $9.99 and a 200 day moving average of $10.10.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.043 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Friday, June 14th.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tyche Wealth Partners LLC purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 4th quarter valued at $408,000. Raymond James Financial Services Advisors Inc. increased its position in shares of BlackRock Long-Term Municipal Advantage Trust by 26.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 153,320 shares of the financial services provider’s stock valued at $1,532,000 after purchasing an additional 32,171 shares during the last quarter. HBK Sorce Advisory LLC purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 4th quarter valued at $225,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 1st quarter valued at $180,000. Finally, Van ECK Associates Corp increased its position in shares of BlackRock Long-Term Municipal Advantage Trust by 16.2% during the 4th quarter. Van ECK Associates Corp now owns 84,315 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 11,729 shares during the last quarter.

About BlackRock Long-Term Municipal Advantage Trust

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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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