Van ECK Associates Corp Sells 4,227 Shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Van ECK Associates Corp lessened its position in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA – Get Rating) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,609 shares of the financial services provider’s stock after selling 4,227 shares during the period. Van ECK Associates Corp’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. UBS Group AG boosted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 78.2% during the 2nd quarter. UBS Group AG now owns 612,717 shares of the financial services provider’s stock worth $6,789,000 after buying an additional 268,835 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 400.9% during the 1st quarter. Advisors Asset Management Inc. now owns 137,049 shares of the financial services provider’s stock worth $1,606,000 after buying an additional 109,687 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 481.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 68,183 shares of the financial services provider’s stock worth $671,000 after buying an additional 56,465 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 67.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 61,326 shares of the financial services provider’s stock worth $603,000 after buying an additional 24,602 shares during the period. Finally, LPL Financial LLC bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 2nd quarter worth about $350,000.

BlackRock Long-Term Municipal Advantage Trust Stock Down 0.1 %

Shares of BTA stock opened at $9.88 on Wednesday. The company has a 50-day simple moving average of $9.54 and a 200 day simple moving average of $10.29. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $8.65 and a 52 week high of $13.30.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Friday, January 13th will be issued a dividend of $0.0435 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, January 12th.

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.