BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Shares Pass Above 50-Day Moving Average – Time to Sell?

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.66 and traded as high as $9.74. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.7260, with a volume of 53,250 shares traded.

BlackRock Long-Term Municipal Advantage Trust Stock Down 0.0%

The business has a 50 day simple moving average of $9.66 and a 200-day simple moving average of $9.54.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 6th were given a $0.0495 dividend. The ex-dividend date was Friday, February 6th. This represents a c) annualized dividend and a yield of 6.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BTA. Fifth Third Bancorp bought a new position in BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter worth about $38,000. Bernard Wealth Management Corp. raised its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 84.8% during the third quarter. Bernard Wealth Management Corp. now owns 6,100 shares of the financial services provider’s stock valued at $58,000 after buying an additional 2,800 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter worth approximately $101,000. Absolute Investment Advisers LLC acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the fourth quarter worth approximately $106,000. Finally, Susquehanna International Group LLP bought a new position in BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter worth approximately $124,000.

About BlackRock Long-Term Municipal Advantage Trust

BlackRock Long-Term Municipal Advantage Trust (NYSE: BTA) is a closed-end management investment company that seeks to provide current income exempt from federal income taxes. Since its inception in December 2009, the trust has offered investors exposure to a diversified portfolio of long-term municipal securities, with the goal of delivering favorable risk-adjusted returns through a focus on tax-exempt income.

The trust’s investment strategy centers on purchasing investment-grade municipal bonds carrying longer maturities, which historically have offered higher yields compared with shorter-duration issues.