Van ECK Associates Corp boosted its holdings in shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) by 14.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,037 shares of the financial services provider’s stock after acquiring an additional 4,214 shares during the quarter. Van ECK Associates Corp’s holdings in BlackRock LT Municipal Advantage Trust were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisors Asset Management Inc. boosted its holdings in BlackRock LT Municipal Advantage Trust by 0.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 470,246 shares of the financial services provider’s stock valued at $5,549,000 after acquiring an additional 2,447 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of BlackRock LT Municipal Advantage Trust by 15.3% in the 2nd quarter. Wells Fargo & Company MN now owns 178,767 shares of the financial services provider’s stock worth $2,109,000 after buying an additional 23,691 shares during the period. UBS Group AG lifted its holdings in shares of BlackRock LT Municipal Advantage Trust by 16.7% in the 1st quarter. UBS Group AG now owns 170,825 shares of the financial services provider’s stock worth $1,958,000 after buying an additional 24,489 shares during the period. First Trust Advisors LP lifted its holdings in shares of BlackRock LT Municipal Advantage Trust by 31.1% in the 2nd quarter. First Trust Advisors LP now owns 94,772 shares of the financial services provider’s stock worth $1,118,000 after buying an additional 22,457 shares during the period. Finally, Laurion Capital Management LP purchased a new stake in shares of BlackRock LT Municipal Advantage Trust in the 2nd quarter worth $366,000.

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BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at 12.11 on Friday. The stock has a 50 day moving average price of $12.17 and a 200 day moving average price of $11.83. BlackRock LT Municipal Advantage Trust has a 52-week low of $10.73 and a 52-week high of $12.87.

The business also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.054 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.65 dividend on an annualized basis and a yield of 5.35%.

Several brokerages have weighed in on BTA. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.56) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, July 24th. Macquarie reiterated an “outperform” rating and issued a GBX 355 ($4.77) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Thursday, September 14th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, September 13th. Berenberg Bank lowered their target price on BlackRock LT Municipal Advantage Trust from GBX 343 ($4.61) to GBX 325 ($4.37) and set a “hold” rating for the company in a report on Monday, June 12th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 390 ($5.24) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $358.00.

BlackRock LT Municipal Advantage Trust Company Profile

BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).

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Institutional Ownership by Quarter for BlackRock LT Municipal Advantage Trust (NYSE:BTA)

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