Landscape Capital Management L.L.C. Invests $120,000 in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 11,234 shares of the financial services provider’s stock, valued at approximately $120,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tyche Wealth Partners LLC grew its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 3.5% during the second quarter. Tyche Wealth Partners LLC now owns 41,299 shares of the financial services provider’s stock valued at $418,000 after acquiring an additional 1,395 shares in the last quarter. HBK Sorce Advisory LLC raised its position in shares of BlackRock Long-Term Municipal Advantage Trust by 8.1% in the 2nd quarter. HBK Sorce Advisory LLC now owns 26,375 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 1,980 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 7.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 43,025 shares of the financial services provider’s stock valued at $436,000 after buying an additional 3,000 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter worth approximately $33,000. Finally, Wolverine Asset Management LLC increased its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 33.7% in the second quarter. Wolverine Asset Management LLC now owns 14,067 shares of the financial services provider’s stock worth $142,000 after buying an additional 3,542 shares during the last quarter.

BlackRock Long-Term Municipal Advantage Trust Trading Up 0.6 %

NYSE BTA opened at $10.37 on Tuesday. BlackRock Long-Term Municipal Advantage Trust has a 12 month low of $9.34 and a 12 month high of $10.97. The company’s fifty day moving average price is $10.50 and its two-hundred day moving average price is $10.37.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.0495 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.59 dividend on an annualized basis and a yield of 5.73%.

BlackRock Long-Term Municipal Advantage Trust Profile

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.