BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.66 and traded as high as $9.74. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.7260, with a volume of 53,250 shares.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

The stock has a 50 day simple moving average of $9.66 and a 200 day simple moving average of $9.55.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 6th were given a $0.0495 dividend. The ex-dividend date was Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. PFG Investments LLC increased its position in BlackRock Long-Term Municipal Advantage Trust by 10.0% during the 3rd quarter. PFG Investments LLC now owns 12,959 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 1,180 shares in the last quarter. NewEdge Advisors LLC boosted its position in BlackRock Long-Term Municipal Advantage Trust by 2.2% in the first 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 in the last quarter. Bernard Wealth Management Corp. grew its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 84.8% during the third quarter. Bernard Wealth Management Corp. now owns 6,100 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,800 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the third quarter worth $38,000. Finally, HBK Sorce Advisory LLC increased its holdings in shares of 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 worth $330,000 after buying an additional 5,500 shares in the last quarter.

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.