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

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) shares passed 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 changing hands.

BlackRock Long-Term Municipal Advantage Trust Price Performance

The business’s fifty day simple moving average is $10.07 and its two-hundred day simple moving average is $10.12.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC increased its holdings in BlackRock Long-Term Municipal Advantage Trust by 37.9% in the fourth quarter. Capital Investment Advisors LLC now owns 40,025 shares of the financial services provider’s stock valued at $409,000 after buying an additional 11,000 shares in the last quarter. Tyche Wealth Partners LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at about $408,000. Van ECK Associates Corp grew its position in shares of BlackRock Long-Term Municipal Advantage Trust by 16.2% in the fourth 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. HBK Sorce Advisory LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at about $225,000. Finally, Raymond James & Associates grew its position in shares of BlackRock Long-Term Municipal Advantage Trust by 19.5% in the fourth quarter. Raymond James & Associates now owns 14,973 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 2,441 shares during the period.

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.