BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Stock Passes Above Fifty Day Moving Average – Time to Sell?

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.56 and traded as high as $9.74. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.7260, with a volume of 53,250 shares trading hands.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

The stock has a fifty day simple moving average of $9.58 and a 200-day simple moving average of $9.48.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 6th were given a dividend of $0.0495 per share. The ex-dividend date was Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

Institutional Investors Weigh In On BlackRock Long-Term Municipal Advantage Trust

Several institutional investors have recently modified their holdings of BTA. Allworth Financial LP acquired a new position in BlackRock Long-Term Municipal Advantage Trust in the second quarter valued at about $165,000. LPL Financial LLC increased its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 53.2% in the 4th quarter. LPL Financial LLC now owns 31,185 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 10,824 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of BlackRock Long-Term Municipal Advantage Trust by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 195,775 shares of the financial services provider’s stock valued at $1,817,000 after acquiring an additional 5,527 shares during the period. Royal Bank of Canada grew its holdings in BlackRock Long-Term Municipal Advantage Trust by 20.8% during the fourth quarter. Royal Bank of Canada now owns 89,686 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 15,417 shares during the period. Finally, Rivernorth Capital Management LLC increased its stake in BlackRock Long-Term Municipal Advantage Trust by 51.9% in the fourth quarter. Rivernorth Capital Management LLC now owns 451,466 shares of the financial services provider’s stock valued at $4,190,000 after purchasing an additional 154,316 shares in the last quarter.

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.