Wolverine Asset Management LLC Sells 28,418 Shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Wolverine Asset Management LLC lowered its stake in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 82.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,148 shares of the financial services provider’s stock after selling 28,418 shares during the quarter. Wolverine Asset Management LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $60,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BTA. Van ECK Associates Corp grew its position in BlackRock Long-Term Municipal Advantage Trust by 2.8% in the 4th quarter. Van ECK Associates Corp now owns 68,884 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 1,845 shares during the last quarter. PFG Investments LLC bought a new position in BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter valued at $131,000. Hennion & Walsh Asset Management Inc. bought a new position in BlackRock Long-Term Municipal Advantage Trust in the 4th quarter valued at $1,432,000. Landscape Capital Management L.L.C. bought a new position in BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter valued at $120,000. Finally, Stratos Investment Management LLC bought a new position in BlackRock Long-Term Municipal Advantage Trust in the 4th quarter valued at $163,000.

BlackRock Long-Term Municipal Advantage Trust Stock Down 0.6 %

Shares of BlackRock Long-Term Municipal Advantage Trust stock opened at $9.92 on Tuesday. The stock’s fifty day moving average is $9.87 and its two-hundred day moving average is $10.29. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $9.48 and a 52 week high of $11.10.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.0495 dividend. This represents a $0.59 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend is Friday, February 14th.

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.