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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTAGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Monday, April 15th will be paid a dividend of 0.043 per share by the financial services provider on Wednesday, May 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Long-Term Municipal Advantage Trust Trading Down 0.2 %

BlackRock Long-Term Municipal Advantage Trust stock traded down $0.02 during mid-day trading on Wednesday, reaching $9.87. The stock had a trading volume of 13,388 shares, compared to its average volume of 23,293. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $8.59 and a fifty-two week high of $10.62. The stock’s 50-day simple moving average is $10.20 and its 200-day simple moving average is $9.79.

Institutional Trading of BlackRock Long-Term Municipal Advantage Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BTA. Morgan Stanley grew its position in BlackRock Long-Term Municipal Advantage Trust by 39.5% during the fourth quarter. Morgan Stanley now owns 170,303 shares of the financial services provider’s stock worth $1,601,000 after buying an additional 48,232 shares in the last quarter. Advisors Asset Management Inc. raised its position in 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 purchasing an additional 109,687 shares during the last quarter. LPL Financial LLC raised its position in 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 purchasing an additional 22,244 shares during the last quarter. Royal Bank of Canada raised its position in BlackRock Long-Term Municipal Advantage Trust by 14.4% during the 4th quarter. Royal Bank of Canada now owns 72,243 shares of the financial services provider’s stock valued at $739,000 after purchasing an additional 9,113 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in 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 purchasing an additional 1,783 shares during the last quarter.

BlackRock Long-Term Municipal Advantage Trust Company Profile

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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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Dividend History for BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

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