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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTAGet Rating) announced a monthly dividend on Friday, April 1st, Zacks reports. Shareholders of record on Thursday, April 14th will be paid a dividend of 0.054 per share by the financial services provider on Monday, May 2nd. This represents a $0.65 annualized dividend and a yield of 5.66%. The ex-dividend date is Wednesday, April 13th.

Shares of NYSE:BTA opened at $11.44 on Monday. BlackRock Long-Term Municipal Advantage Trust has a 52-week low of $11.24 and a 52-week high of $15.44. The firm has a 50 day moving average price of $11.97.

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its position in BlackRock Long-Term Municipal Advantage Trust by 9.2% in the fourth quarter. Wells Fargo & Company MN now owns 175,114 shares of the financial services provider’s stock valued at $2,627,000 after acquiring an additional 14,755 shares in the last quarter. UBS Group AG grew its position in BlackRock Long-Term Municipal Advantage Trust by 35.9% in the third quarter. UBS Group AG now owns 164,977 shares of the financial services provider’s stock valued at $2,231,000 after acquiring an additional 43,610 shares in the last quarter. Morgan Stanley grew its position in BlackRock Long-Term Municipal Advantage Trust by 5.0% in the second quarter. Morgan Stanley now owns 125,128 shares of the financial services provider’s stock valued at $1,703,000 after acquiring an additional 5,984 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at approximately $410,000. Finally, Millennium Management LLC acquired a new stake in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at approximately $224,000.

About BlackRock Long-Term Municipal Advantage Trust (Get Rating)

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.

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Dividend History for BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

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