BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Stock Price Passes Above 50-Day Moving Average of $10.07

Shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.07 and traded as high as $10.13. BlackRock Long-Term Municipal Advantage Trust shares last traded at $10.13, with a volume of 49,732 shares trading hands.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

The stock has a 50-day moving average price of $10.07 and a two-hundred day moving average price of $10.12.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.043 per share. The ex-dividend date is Friday, June 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.09%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sheaff Brock Investment Advisors LLC purchased a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the 1st quarter valued at about $180,000. HBK Sorce Advisory LLC raised its stake in BlackRock Long-Term Municipal Advantage Trust by 11.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 24,395 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 2,445 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in BlackRock Long-Term Municipal Advantage Trust by 26.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 153,320 shares of the financial services provider’s stock valued at $1,532,000 after purchasing an additional 32,171 shares during the period. Van ECK Associates Corp raised its stake in BlackRock Long-Term Municipal Advantage Trust by 16.2% during the 4th quarter. Van ECK Associates Corp now owns 84,315 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 11,729 shares during the period. Finally, Tyche Wealth Partners LLC bought a new stake in BlackRock Long-Term Municipal Advantage Trust during the 4th quarter valued at approximately $408,000.

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.