Guggenheim Capital LLC increased its holdings in BlackRock LT Municipal Advantage Trust (NYSE:BTA) by 56.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,473 shares of the financial services provider’s stock after purchasing an additional 75,184 shares during the period. Guggenheim Capital LLC owned approximately 1.56% of BlackRock LT Municipal Advantage Trust worth $2,514,000 at the end of the most recent reporting period.
Separately, Sit Investment Associates Inc. boosted its holdings in BlackRock LT Municipal Advantage Trust by 10.1% in the fourth quarter. Sit Investment Associates Inc. now owns 840,294 shares of the financial services provider’s stock worth $10,084,000 after purchasing an additional 77,111 shares in the last quarter.
Shares of NYSE:BTA opened at $11.50 on Friday. BlackRock LT Municipal Advantage Trust has a 1 year low of $11.17 and a 1 year high of $12.54.
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BlackRock LT Municipal Advantage Trust Company Profile
BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).
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