Allworth Financial LP Purchases New Position in BlackRock Long-Term Municipal Advantage Trust $BTA

Allworth Financial LP acquired a new position in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,000 shares of the financial services provider’s stock, valued at approximately $165,000.

A number of other institutional investors have also recently added to or reduced their stakes in BTA. Bernard Wealth Management Corp. bought a new stake in BlackRock Long-Term Municipal Advantage Trust in the second quarter worth approximately $30,000. Landscape Capital Management L.L.C. acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the 1st quarter valued at $110,000. River Street Advisors LLC bought a new stake in BlackRock Long-Term Municipal Advantage Trust in the second quarter worth $173,000. Wolverine Asset Management LLC increased its position in BlackRock Long-Term Municipal Advantage Trust by 569.3% during the first quarter. Wolverine Asset Management LLC now owns 41,149 shares of the financial services provider’s stock worth $399,000 after buying an additional 35,001 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position 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 buying an additional 1,385 shares during the last quarter.

BlackRock Long-Term Municipal Advantage Trust Stock Up 0.1%

Shares of NYSE:BTA opened at $9.46 on Wednesday. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $8.73 and a fifty-two week high of $11.10. The business has a 50-day moving average of $9.57 and a two-hundred day moving average of $9.23.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.0495 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, November 14th.

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.