BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Share Price Passes Above 50-Day Moving Average of $9.09

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.09 and traded as high as $9.21. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.15, with a volume of 28,843 shares trading hands.

BlackRock Long-Term Municipal Advantage Trust Stock Up 1.9 %

The stock has a 50 day simple moving average of $9.09 and a two-hundred day simple moving average of $9.46.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.0435 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.52 annualized dividend and a yield of 5.70%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 400.9% during the first 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. Stratos Wealth Advisors LLC acquired a new stake in BlackRock Long-Term Municipal Advantage Trust during the 3rd quarter worth approximately $694,000. Morgan Stanley grew its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 39.5% in the 4th quarter. Morgan Stanley now owns 170,303 shares of the financial services provider’s stock valued at $1,601,000 after purchasing an additional 48,232 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 18.5% in the 1st quarter. Guggenheim Capital LLC now owns 283,797 shares of the financial services provider’s stock valued at $2,824,000 after purchasing an additional 44,367 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the second quarter valued at approximately $350,000.

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.