BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.44 and traded as low as $9.43. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.47, with a volume of 22,950 shares trading hands.

BlackRock Long-Term Municipal Advantage Trust Trading Up 0.4%

The firm has a 50-day simple moving average of $9.44 and a two-hundred day simple moving average of $9.34.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be issued a $0.0495 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, February 6th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BTA. NewEdge Advisors LLC boosted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 2.2% during the first quarter. NewEdge Advisors LLC now owns 65,678 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 1,385 shares during the last quarter. River Street Advisors LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the second quarter worth approximately $173,000. Bernard Wealth Management Corp. purchased a new stake in BlackRock Long-Term Municipal Advantage Trust in the second quarter valued at approximately $30,000. Wolverine Asset Management LLC increased its position in BlackRock Long-Term Municipal Advantage Trust by 243.2% during the second quarter. Wolverine Asset Management LLC now owns 141,213 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 100,064 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in BlackRock Long-Term Municipal Advantage Trust during the second quarter worth approximately $165,000.

About BlackRock Long-Term Municipal Advantage Trust

BlackRock Long-Term Municipal Advantage Trust (NYSE: BTA) is a closed-end management investment company that seeks to provide current income exempt from federal income taxes. Since its inception in December 2009, the trust has offered investors exposure to a diversified portfolio of long-term municipal securities, with the goal of delivering favorable risk-adjusted returns through a focus on tax-exempt income.

The trust’s investment strategy centers on purchasing investment-grade municipal bonds carrying longer maturities, which historically have offered higher yields compared with shorter-duration issues.