BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Share Price Passes Below 50 Day Moving Average – What’s Next?

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.35 and traded as low as $9.66. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.76, with a volume of 83,149 shares changing hands.

BlackRock Long-Term Municipal Advantage Trust Trading Up 1.0 %

The company has a fifty day moving average of $10.32 and a 200-day moving average of $10.39.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.0495 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.59 annualized dividend and a dividend yield of 6.02%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new stake in BlackRock Long-Term Municipal Advantage Trust during the 2nd quarter worth approximately $33,000. Landscape Capital Management L.L.C. bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the third quarter worth about $120,000. PFG Investments LLC bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the third quarter valued at approximately $131,000. Concorde Asset Management LLC raised its holdings in BlackRock Long-Term Municipal Advantage Trust by 12.4% in the 3rd quarter. Concorde Asset Management LLC now owns 12,577 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 1,392 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in BlackRock Long-Term Municipal Advantage Trust by 33.7% in the second quarter. Wolverine Asset Management LLC now owns 14,067 shares of the financial services provider’s stock worth $142,000 after buying an additional 3,542 shares during the period.

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.