BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.44 and traded as low as $9.43. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.47, with a volume of 22,950 shares changing hands.

BlackRock Long-Term Municipal Advantage Trust Trading Up 0.4%

The firm has a 50-day moving average of $9.44 and a 200 day moving average of $9.34.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be issued a dividend of $0.0495 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, February 6th.

Institutional Trading of BlackRock Long-Term Municipal Advantage Trust

Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. lifted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 4.6% in the second quarter. Raymond James Financial Inc. now owns 201,930 shares of the financial services provider’s stock worth $1,852,000 after acquiring an additional 8,907 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in BlackRock Long-Term Municipal Advantage Trust by 243.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 141,213 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 100,064 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 2.2% during the 1st 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 during the last quarter. HBK Sorce Advisory LLC raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 18.9% in the third quarter. HBK Sorce Advisory LLC now owns 34,620 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 5,500 shares in the last quarter. Finally, River Street Advisors LLC acquired a new position in BlackRock Long-Term Municipal Advantage Trust during the 2nd quarter worth $173,000.

BlackRock Long-Term Municipal Advantage Trust Company Profile

BlackRock Long-Term Municipal Advantage Trust (NYSE: BTA) is a closed-end management investment company that seeks to provide current income exempt from federal income taxes. Since its inception in December 2009, the trust has offered investors exposure to a diversified portfolio of long-term municipal securities, with the goal of delivering favorable risk-adjusted returns through a focus on tax-exempt income.

The trust’s investment strategy centers on purchasing investment-grade municipal bonds carrying longer maturities, which historically have offered higher yields compared with shorter-duration issues.