Invesco Ltd. Sells 35,969 Shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Invesco Ltd. lessened its stake in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 48.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,760 shares of the financial services provider’s stock after selling 35,969 shares during the period. Invesco Ltd.’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $378,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in BlackRock Long-Term Municipal Advantage Trust by 2.8% during the fourth quarter. Van ECK Associates Corp now owns 68,884 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 1,845 shares in the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Long-Term Municipal Advantage Trust during the 4th quarter valued at approximately $2,048,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 4th quarter valued at about $1,432,000. Natural Investments LLC bought a new position in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter worth $156,000. Finally, HBK Sorce Advisory LLC grew its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 9.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 28,825 shares of the financial services provider’s stock worth $281,000 after buying an additional 2,450 shares during the last quarter.

BlackRock Long-Term Municipal Advantage Trust Price Performance

Shares of BTA opened at $9.20 on Friday. The firm has a 50 day moving average of $9.50 and a 200 day moving average of $9.91. BlackRock Long-Term Municipal Advantage Trust has a twelve month low of $8.76 and a twelve month high of $11.10.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.0495 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.59 dividend on an annualized basis and a yield of 6.46%.

BlackRock Long-Term Municipal Advantage Trust Company Profile

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.