Wolverine Asset Management LLC Lowers Holdings in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Wolverine Asset Management LLC cut its holdings in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 82.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,148 shares of the financial services provider’s stock after selling 28,418 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $60,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth approximately $1,432,000. Van ECK Associates Corp raised its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 2.8% during the 4th quarter. Van ECK Associates Corp now owns 68,884 shares of the financial services provider’s stock worth $672,000 after acquiring an additional 1,845 shares in the last quarter. Stratos Investment Management LLC purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth approximately $163,000. Concorde Asset Management LLC raised its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 12.4% during the 3rd quarter. Concorde Asset Management LLC now owns 12,577 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 1,392 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 3rd quarter worth approximately $131,000.

BlackRock Long-Term Municipal Advantage Trust Stock Down 0.6 %

Shares of BTA opened at $9.92 on Tuesday. BlackRock Long-Term Municipal Advantage Trust has a 1 year low of $9.48 and a 1 year high of $11.10. The business’s 50 day simple moving average is $9.87 and its 200-day simple moving average is $10.29.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.0495 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.59 annualized dividend and a dividend yield of 5.99%.

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.