BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Share Price Passes Above 50-Day Moving Average – Here’s Why

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.53 and traded as high as $9.74. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.7140, with a volume of 53,250 shares trading hands.

BlackRock Long-Term Municipal Advantage Trust Trading Down 0.2%

The business has a fifty day moving average price of $9.53 and a 200 day moving average price of $9.44.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be paid a dividend of $0.0495 per share. The ex-dividend date is Friday, February 6th. This represents a c) annualized dividend and a yield of 6.1%.

Institutional Trading of BlackRock Long-Term Municipal Advantage Trust

A number of institutional investors have recently modified their holdings of BTA. PFG Investments LLC raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 10.0% in the third quarter. PFG Investments LLC now owns 12,959 shares of the financial services provider’s stock valued at $124,000 after buying an additional 1,180 shares during the period. NewEdge Advisors LLC increased its position in shares of 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 worth $636,000 after acquiring an additional 1,385 shares in the last quarter. Bernard Wealth Management Corp. raised its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 84.8% in the 3rd quarter. Bernard Wealth Management Corp. now owns 6,100 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 2,800 shares during the period. Fifth Third Bancorp purchased a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter valued at $38,000. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 18.9% during the 3rd quarter. HBK Sorce Advisory LLC now owns 34,620 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 5,500 shares in the last quarter.

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.