Raymond James Financial Services Advisors Inc. Acquires 24,602 Shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Raymond James Financial Services Advisors Inc. raised its holdings in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTAGet Rating) by 67.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,326 shares of the financial services provider’s stock after buying an additional 24,602 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in BTA. UBS Group AG lifted its position in shares of BlackRock Long-Term Municipal Advantage Trust by 78.2% during the second quarter. UBS Group AG now owns 612,717 shares of the financial services provider’s stock valued at $6,789,000 after purchasing an additional 268,835 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of BlackRock Long-Term Municipal Advantage Trust by 400.9% during the first quarter. Advisors Asset Management Inc. now owns 137,049 shares of the financial services provider’s stock valued at $1,606,000 after purchasing an additional 109,687 shares in the last quarter. LPL Financial LLC bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter valued at about $350,000. Fairhaven Wealth Management LLC lifted its position in shares of BlackRock Long-Term Municipal Advantage Trust by 48.6% during 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 in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of BlackRock Long-Term Municipal Advantage Trust by 475.0% during 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 in the last quarter.

BlackRock Long-Term Municipal Advantage Trust Price Performance

BTA opened at $10.17 on Wednesday. The company’s 50-day moving average is $9.66 and its 200 day moving average is $10.25. BlackRock Long-Term Municipal Advantage Trust has a fifty-two week low of $8.65 and a fifty-two week high of $12.78.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

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

BlackRock Long-Term Municipal Advantage Trust Company Profile

(Get Rating)

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.

Recommended Stories

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)

Receive News & Ratings for BlackRock Long-Term Municipal Advantage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Long-Term Municipal Advantage Trust and related companies with MarketBeat.com's FREE daily email newsletter.