BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Shares Pass Above 50-Day Moving Average – Time to Sell?

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.66 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 changing hands.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

The stock has a 50-day simple moving average of $9.66 and a 200-day simple moving average of $9.54.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

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

Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BTA. NewEdge Advisors LLC grew its position in BlackRock Long-Term Municipal Advantage Trust by 2.2% in the 1st quarter. NewEdge Advisors LLC now owns 65,678 shares of the financial services provider’s stock valued at $636,000 after buying an additional 1,385 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of BlackRock Long-Term Municipal Advantage Trust by 4.6% during the 2nd quarter. Raymond James Financial Inc. now owns 201,930 shares of the financial services provider’s stock worth $1,852,000 after buying an additional 8,907 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the 2nd quarter worth approximately $101,000. Bernard Wealth Management Corp. lifted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 84.8% in the 3rd quarter. Bernard Wealth Management Corp. now owns 6,100 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 2,800 shares during the period. Finally, HBK Sorce Advisory LLC boosted its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 18.9% in the third quarter. HBK Sorce Advisory LLC now owns 34,620 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 5,500 shares in the last quarter.

BlackRock Long-Term Municipal Advantage Trust Company Profile

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.