BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Share Price Passes Below 50 Day Moving Average – What’s Next?

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.39 and traded as low as $9.27. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.32, with a volume of 37,546 shares traded.

BlackRock Long-Term Municipal Advantage Trust Trading Up 0.1%

The company has a 50-day moving average price of $9.39 and a 200-day moving average price of $9.86.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.0495 dividend. This represents a $0.59 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Thursday, May 15th.

Institutional Trading of BlackRock Long-Term Municipal Advantage Trust

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its stake in BlackRock Long-Term Municipal Advantage Trust by 2.0% in the 4th quarter. NewEdge Advisors LLC now owns 64,293 shares of the financial services provider’s stock worth $628,000 after purchasing an additional 1,246 shares during the period. Van ECK Associates Corp increased its holdings 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 worth $672,000 after buying an additional 1,845 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings 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 valued at $281,000 after purchasing an additional 2,450 shares during the period. Citadel Advisors LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at approximately $106,000. Finally, Natural Investments LLC acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at $156,000.

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.