Wolverine Asset Management LLC Has $371,000 Holdings in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Wolverine Asset Management LLC raised its holdings in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 145.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,566 shares of the financial services provider’s stock after acquiring an additional 20,499 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Tyche Wealth Partners LLC grew its position in shares of BlackRock Long-Term Municipal Advantage Trust by 3.5% in the 2nd quarter. Tyche Wealth Partners LLC now owns 41,299 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 1,395 shares during the period. HBK Sorce Advisory LLC lifted its stake in BlackRock Long-Term Municipal Advantage Trust by 8.1% in the second quarter. HBK Sorce Advisory LLC now owns 26,375 shares of the financial services provider’s stock valued at $267,000 after buying an additional 1,980 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 7.5% in the second 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 period. Rothschild Investment LLC bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter worth $33,000. Finally, Van ECK Associates Corp increased its position in shares of BlackRock Long-Term Municipal Advantage Trust by 9.5% during the second quarter. Van ECK Associates Corp now owns 67,732 shares of the financial services provider’s stock worth $686,000 after acquiring an additional 5,892 shares in the last quarter.

BlackRock Long-Term Municipal Advantage Trust Stock Down 0.2 %

BTA opened at $10.48 on Thursday. The firm’s fifty day simple moving average is $10.54 and its 200 day simple moving average is $10.34. BlackRock Long-Term Municipal Advantage Trust has a 12 month low of $9.10 and a 12 month high of $10.97.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.0495 per share. The ex-dividend date is Friday, November 15th. This represents a $0.59 annualized dividend and a dividend yield of 5.67%.

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.