PFG Investments LLC Takes Position in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

PFG Investments LLC purchased a new position in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,195 shares of the financial services provider’s stock, valued at approximately $131,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTA. Rothschild Investment LLC acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter valued at approximately $33,000. Wolverine Asset Management LLC lifted its holdings in BlackRock Long-Term Municipal Advantage Trust by 33.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 14,067 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 3,542 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in BlackRock Long-Term Municipal Advantage Trust during the 1st quarter worth $180,000. HBK Sorce Advisory LLC grew its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 11.1% during the first quarter. HBK Sorce Advisory LLC now owns 24,395 shares of the financial services provider’s stock worth $244,000 after buying an additional 2,445 shares in the last quarter. Finally, Tyche Wealth Partners LLC raised its position in shares of BlackRock Long-Term Municipal Advantage Trust by 3.5% in the second quarter. Tyche Wealth Partners LLC now owns 41,299 shares of the financial services provider’s stock valued at $418,000 after buying an additional 1,395 shares during the last quarter.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

BTA opened at $10.26 on Friday. BlackRock Long-Term Municipal Advantage Trust has a twelve month low of $8.72 and a twelve month high of $10.97. The firm’s 50-day moving average price is $10.56 and its 200 day moving average price is $10.29.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0495 per share. This represents a $0.59 annualized dividend and a dividend yield of 5.79%. The ex-dividend date is Tuesday, October 15th.

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.