River Street Advisors LLC Takes $173,000 Position in BlackRock Long-Term Municipal Advantage Trust $BTA

River Street Advisors LLC purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 18,899 shares of the financial services provider’s stock, valued at approximately $173,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BTA. Citadel Advisors LLC bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the fourth quarter valued at $106,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 82.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 267,767 shares of the financial services provider’s stock valued at $2,595,000 after acquiring an additional 121,016 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in BlackRock Long-Term Municipal Advantage Trust by 569.3% in the 1st quarter. Wolverine Asset Management LLC now owns 41,149 shares of the financial services provider’s stock worth $399,000 after buying an additional 35,001 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in BlackRock Long-Term Municipal Advantage Trust in the 1st quarter worth about $110,000. Finally, NewEdge Advisors LLC increased its holdings in BlackRock Long-Term Municipal Advantage Trust by 2.2% in the 1st quarter. NewEdge Advisors LLC now owns 65,678 shares of the financial services provider’s stock worth $636,000 after buying an additional 1,385 shares in the last quarter.

BlackRock Long-Term Municipal Advantage Trust Trading Up 0.6%

NYSE BTA opened at $9.72 on Friday. BlackRock Long-Term Municipal Advantage Trust has a one year low of $8.73 and a one year high of $11.10. The stock has a 50-day moving average of $9.22 and a 200 day moving average of $9.19.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a $0.0495 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Wednesday, October 15th.

About BlackRock Long-Term Municipal Advantage Trust

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.