BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Declares Monthly Dividend of $0.05

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Investors of record on Friday, June 13th will be given a dividend of 0.0495 per share by the financial services provider on Tuesday, July 1st. This represents a $0.59 annualized dividend and a yield of 6.56%. The ex-dividend date is Friday, June 13th.

BlackRock Long-Term Municipal Advantage Trust Trading Up 0.2%

Shares of BTA stock opened at $9.06 on Thursday. BlackRock Long-Term Municipal Advantage Trust has a 12 month low of $8.76 and a 12 month high of $11.10. The stock has a 50 day moving average of $9.17 and a two-hundred day moving average of $9.72.

Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust

A hedge fund recently raised its stake in BlackRock Long-Term Municipal Advantage Trust stock. NewEdge Advisors LLC increased its position in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,678 shares of the financial services provider’s stock after purchasing an additional 1,385 shares during the quarter. NewEdge Advisors LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $636,000 at the end of the most recent quarter.

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.