Capital Investment Advisors LLC Sells 6,000 Shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Capital Investment Advisors LLC cut its stake in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTAFree Report) by 13.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,025 shares of the financial services provider’s stock after selling 6,000 shares during the quarter. Capital Investment Advisors LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $361,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Landscape Capital Management L.L.C. bought a new position in BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter worth $120,000. PFG Investments LLC bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter worth about $131,000. Concorde Asset Management LLC lifted its position in BlackRock Long-Term Municipal Advantage Trust by 12.4% during the 3rd quarter. Concorde Asset Management LLC now owns 12,577 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 1,392 shares during the period. Finally, Wolverine Asset Management LLC lifted its position in BlackRock Long-Term Municipal Advantage Trust by 145.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 34,566 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 20,499 shares during the period.

BlackRock Long-Term Municipal Advantage Trust Price Performance

Shares of NYSE BTA opened at $9.66 on Thursday. BlackRock Long-Term Municipal Advantage Trust has a 1 year low of $9.48 and a 1 year high of $11.10. The firm has a 50-day moving average of $10.23 and a 200 day moving average of $10.37.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.0495 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.59 dividend on an annualized basis and a yield of 6.15%.

About BlackRock Long-Term Municipal Advantage Trust

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

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