BlackRock Long-Term Municipal Advantage Trust Plans Monthly Dividend of $0.05 (NYSE:BTA)

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) announced 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 dividend yield of 6.3%. The ex-dividend date is Friday, November 14th.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

BTA opened at $9.48 on Tuesday. The stock’s 50 day simple moving average is $9.49 and its 200-day simple moving average is $9.19. BlackRock Long-Term Municipal Advantage Trust has a 1 year low of $8.73 and a 1 year high of $11.10.

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

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. boosted its position in shares of BlackRock Long-Term Municipal Advantage Trust by 4.6% during the 2nd quarter. Raymond James Financial Inc. now owns 201,930 shares of the financial services provider’s stock valued at $1,852,000 after acquiring an additional 8,907 shares in the last quarter. Wolverine Asset Management LLC raised its position in BlackRock Long-Term Municipal Advantage Trust by 243.2% in the second 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 in the last quarter. NewEdge Advisors LLC lifted its stake in BlackRock Long-Term Municipal Advantage Trust by 2.2% during the first quarter. NewEdge Advisors LLC now owns 65,678 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 1,385 shares during the period. HBK Sorce Advisory LLC boosted its holdings in BlackRock Long-Term Municipal Advantage Trust by 18.9% during the third quarter. HBK Sorce Advisory LLC now owns 34,620 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 5,500 shares in the last quarter. Finally, River Street Advisors LLC bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the 2nd quarter valued at approximately $173,000.

BlackRock Long-Term Municipal Advantage Trust Company Profile

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.