BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.51 and traded as low as $9.16. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.26, with a volume of 60,465 shares trading hands.

BlackRock Long-Term Municipal Advantage Trust Stock Up 0.8%

The company has a fifty day moving average of $9.10 and a 200 day moving average of $9.51.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.0495 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.41%.

Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust

Several institutional investors have recently made changes to their positions in BTA. Raymond James Financial Inc. bought a new stake in BlackRock Long-Term Municipal Advantage Trust during the fourth quarter valued at approximately $2,048,000. Guggenheim Capital LLC grew its position in shares of BlackRock Long-Term Municipal Advantage Trust by 39.5% during the 4th quarter. Guggenheim Capital LLC now owns 726,170 shares of the financial services provider’s stock valued at $7,087,000 after acquiring an additional 205,608 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of BlackRock Long-Term Municipal Advantage Trust by 82.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 267,767 shares of the financial services provider’s stock valued at $2,595,000 after acquiring an additional 121,016 shares during the period. Wolverine Asset Management LLC raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 569.3% in the 1st quarter. Wolverine Asset Management LLC now owns 41,149 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 35,001 shares during the period. Finally, Nomura Holdings Inc. bought a new position in BlackRock Long-Term Municipal Advantage Trust in the 4th quarter worth $176,000.

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.