Wolverine Asset Management LLC Increases Holdings in BlackRock Long-Term Municipal Advantage Trust $BTA

Wolverine Asset Management LLC increased its stake in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 243.2% during the 2nd quarter, Holdings Channel reports. The fund owned 141,213 shares of the financial services provider’s stock after purchasing an additional 100,064 shares during the quarter. Wolverine Asset Management LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $1,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Landscape Capital Management L.L.C. acquired a new stake in BlackRock Long-Term Municipal Advantage Trust during the first quarter worth about $110,000. Bernard Wealth Management Corp. acquired a new stake in BlackRock Long-Term Municipal Advantage Trust during the second quarter worth about $30,000. River Street Advisors LLC acquired a new stake in BlackRock Long-Term Municipal Advantage Trust during the second quarter worth about $173,000. Finally, NewEdge Advisors LLC grew its holdings in BlackRock Long-Term Municipal Advantage Trust by 2.2% during 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 during the period.

BlackRock Long-Term Municipal Advantage Trust Stock Up 0.0%

BlackRock Long-Term Municipal Advantage Trust stock opened at $9.49 on Friday. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $8.73 and a 52 week high of $11.10. The business’s 50-day moving average price is $9.48 and its 200 day moving average price is $9.19.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

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