BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.54 and traded as high as $10.64. BlackRock Long-Term Municipal Advantage Trust shares last traded at $10.61, with a volume of 29,447 shares traded.

BlackRock Long-Term Municipal Advantage Trust Price Performance

The company’s 50-day moving average is $10.54 and its two-hundred day moving average is $10.32.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.0495 dividend. This represents a $0.59 annualized dividend and a yield of 5.60%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of BlackRock Long-Term Municipal Advantage Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the second quarter valued at about $33,000. Landscape Capital Management L.L.C. purchased a new stake in BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter worth approximately $120,000. PFG Investments LLC bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the 3rd quarter worth approximately $131,000. Wolverine Asset Management LLC increased its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 33.7% during the second quarter. Wolverine Asset Management LLC now owns 14,067 shares of the financial services provider’s stock valued at $142,000 after buying an additional 3,542 shares during the period. Finally, Sheaff Brock Investment Advisors LLC bought a new position in shares of BlackRock Long-Term Municipal Advantage Trust during the first quarter valued at approximately $180,000.

BlackRock Long-Term Municipal Advantage Trust Company Profile

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.