BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Share Price Crosses Below 50 Day Moving Average – What’s Next?

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.43 and traded as low as $9.31. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.43, with a volume of 89,510 shares traded.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

The firm has a 50 day moving average of $9.43 and a 200-day moving average of $9.30.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be given a dividend of $0.0495 per share. The ex-dividend date is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust

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