Bernard Wealth Management Corp. Makes New Investment in BlackRock Long-Term Municipal Advantage Trust $BTA

Bernard Wealth Management Corp. acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,300 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BTA. Landscape Capital Management L.L.C. bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the 1st quarter worth about $110,000. River Street Advisors LLC bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the 2nd quarter worth about $173,000. Wolverine Asset Management LLC increased its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 569.3% during 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, NewEdge Advisors LLC increased its holdings 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 worth $636,000 after purchasing an additional 1,385 shares during the period.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

NYSE:BTA opened at $9.47 on Friday. The firm’s 50-day moving average is $9.31 and its 200-day moving average is $9.18. BlackRock Long-Term Municipal Advantage Trust has a 52-week low of $8.73 and a 52-week high of $11.10.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a $0.0495 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

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.