BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Shares Cross Above 50-Day Moving Average – Should You Sell?

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.62 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 Trading Down 0.0%

The company has a fifty day simple moving average of $9.62 and a two-hundred day simple moving average of $9.51.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 6th were issued a dividend of $0.0495 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

Institutional Investors Weigh In On BlackRock Long-Term Municipal Advantage Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTA. NewEdge Advisors LLC boosted 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 purchasing an additional 1,385 shares during the period. Allworth Financial LP acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the second quarter worth $165,000. Raymond James Financial Inc. lifted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 4.6% in the second quarter. Raymond James Financial Inc. now owns 201,930 shares of the financial services provider’s stock worth $1,852,000 after buying an additional 8,907 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 2nd quarter worth $101,000. Finally, Bernard Wealth Management Corp. boosted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 84.8% during the 3rd quarter. Bernard Wealth Management Corp. now owns 6,100 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,800 shares during the period.

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.