BlackRock Long-Term Municipal Advantage Trust (BTA) to Issue Monthly Dividend of $0.04 on March 1st

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTAGet Free Report) announced a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.0435 per share by the financial services provider on Friday, March 1st. This represents a $0.52 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

Shares of NYSE BTA opened at $10.34 on Monday. BlackRock Long-Term Municipal Advantage Trust has a one year low of $8.59 and a one year high of $10.62. The business has a 50-day moving average price of $10.24 and a two-hundred day moving average price of $9.63.

Institutional Trading of BlackRock Long-Term Municipal Advantage Trust

Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 400.9% during the 1st quarter. Advisors Asset Management Inc. now owns 137,049 shares of the financial services provider’s stock valued at $1,606,000 after acquiring an additional 109,687 shares during the last quarter. Royal Bank of Canada raised its stake in BlackRock Long-Term Municipal Advantage Trust by 389.3% during the 3rd quarter. Royal Bank of Canada now owns 63,130 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 50,227 shares during the last quarter. Morgan Stanley boosted its holdings in BlackRock Long-Term Municipal Advantage Trust by 39.5% in the 4th quarter. Morgan Stanley now owns 170,303 shares of the financial services provider’s stock valued at $1,601,000 after purchasing an additional 48,232 shares during the period. LPL Financial LLC bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the second quarter valued at about $350,000. Finally, Cetera Investment Advisers acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the first quarter worth $127,000.

About BlackRock Long-Term Municipal Advantage Trust

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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.

See Also

Dividend History for BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

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