Janney Montgomery Scott LLC Has $671,000 Position in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Janney Montgomery Scott LLC raised its stake in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTAGet Rating) by 481.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 68,183 shares of the financial services provider’s stock after buying an additional 56,465 shares during the period. Janney Montgomery Scott LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 4.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,048 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 1,783 shares during the last quarter. Fairhaven Wealth Management LLC increased its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 48.6% in the second quarter. Fairhaven Wealth Management LLC now owns 18,899 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 6,185 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 475.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 14,375 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 11,875 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the second quarter valued at $143,000. Finally, LPL Financial LLC acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the second quarter valued at $350,000.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

BTA stock opened at $10.17 on Friday. The company’s 50-day simple moving average is $9.61 and its 200 day simple moving average is $10.28. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $8.65 and a 52 week high of $12.95.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Friday, January 13th will be paid a $0.0435 dividend. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $0.52 annualized dividend and a dividend yield of 5.13%.

BlackRock Long-Term Municipal Advantage Trust Company Profile

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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

Want to see what other hedge funds are holding BTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Long-Term Municipal Advantage Trust (NYSE:BTAGet Rating).

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

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