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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 6th will be given a dividend of 0.0495 per share by the financial services provider on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, February 6th.

BlackRock Long-Term Municipal Advantage Trust Stock Up 0.2%

Shares of NYSE:BTA opened at $9.62 on Wednesday. BlackRock Long-Term Municipal Advantage Trust has a 1 year low of $8.73 and a 1 year high of $10.15. The stock’s fifty day moving average price is $9.46 and its 200-day moving average price is $9.37.

Institutional Trading of BlackRock Long-Term Municipal Advantage Trust

A number of large investors have recently made changes to their positions in BTA. Bernard Wealth Management Corp. purchased a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter valued at approximately $30,000. Fifth Third Bancorp bought a new stake in BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter worth approximately $38,000. Ameriprise Financial Inc. purchased a new stake in BlackRock Long-Term Municipal Advantage Trust during the 2nd quarter valued at $101,000. Absolute Investment Advisers LLC purchased a new stake in BlackRock Long-Term Municipal Advantage Trust during the 4th quarter valued at $106,000. Finally, Susquehanna International Group LLP bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the 3rd quarter valued at $124,000.

About BlackRock Long-Term Municipal Advantage Trust

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.