BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Shares Bought by Concorde Asset Management LLC

Concorde Asset Management LLC lifted its position in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 12.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,577 shares of the financial services provider’s stock after buying an additional 1,392 shares during the period. Concorde Asset Management LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter worth $33,000. Landscape Capital Management L.L.C. purchased a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the third quarter valued at $120,000. PFG Investments LLC purchased a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the third quarter valued at $131,000. Wolverine Asset Management LLC grew its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 33.7% during the second quarter. Wolverine Asset Management LLC now owns 14,067 shares of the financial services provider’s stock valued at $142,000 after buying an additional 3,542 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 8.1% during the second quarter. HBK Sorce Advisory LLC now owns 26,375 shares of the financial services provider’s stock valued at $267,000 after buying an additional 1,980 shares in the last quarter.

BlackRock Long-Term Municipal Advantage Trust Trading Up 0.6 %

Shares of BTA stock opened at $10.31 on Friday. BlackRock Long-Term Municipal Advantage Trust has a 1-year low of $9.34 and a 1-year high of $10.97. The stock’s fifty day simple moving average is $10.50 and its 200-day simple moving average is $10.36.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.0495 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.59 dividend on an annualized basis and a yield of 5.76%.

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.