Raymond James Financial Services Advisors Inc. Has $1.24 Million Stake in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 23.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 121,149 shares of the financial services provider’s stock after selling 36,685 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $1,239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Osaic Holdings Inc. boosted its holdings in BlackRock Long-Term Municipal Advantage Trust by 69.9% in the second quarter. Osaic Holdings Inc. now owns 11,617 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 4,779 shares in the last quarter. Raymond James & Associates bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the 4th quarter worth $103,000. Envestnet Asset Management Inc. acquired a new stake in BlackRock Long-Term Municipal Advantage Trust in the 4th quarter valued at $114,000. Royal Bank of Canada increased its stake in BlackRock Long-Term Municipal Advantage Trust by 18.9% during the 2nd quarter. Royal Bank of Canada now owns 12,903 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 2,054 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in BlackRock Long-Term Municipal Advantage Trust during the first quarter worth $127,000.

BlackRock Long-Term Municipal Advantage Trust Stock Up 0.6 %

BlackRock Long-Term Municipal Advantage Trust stock opened at $9.79 on Friday. The firm’s fifty day moving average price is $10.13 and its two-hundred day moving average price is $9.81. BlackRock Long-Term Municipal Advantage Trust has a 1-year low of $8.59 and a 1-year high of $10.62.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.043 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.52 annualized dividend and a yield of 5.27%.

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.