Raymond James Financial Inc. Invests $2.05 Million in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Raymond James Financial Inc. purchased a new stake in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 209,792 shares of the financial services provider’s stock, valued at approximately $2,048,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. acquired a new stake in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter worth $1,432,000. Van ECK Associates Corp boosted its holdings in BlackRock Long-Term Municipal Advantage Trust by 2.8% during the fourth quarter. Van ECK Associates Corp now owns 68,884 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 1,845 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 9.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 28,825 shares of the financial services provider’s stock worth $281,000 after buying an additional 2,450 shares during the last quarter. Stratos Investment Management LLC bought a new stake in BlackRock Long-Term Municipal Advantage Trust during the fourth quarter worth $163,000. Finally, Natural Investments LLC bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth $156,000.

BlackRock Long-Term Municipal Advantage Trust Trading Up 1.0 %

BlackRock Long-Term Municipal Advantage Trust stock opened at $9.16 on Thursday. The business’s 50 day simple moving average is $9.53 and its 200 day simple moving average is $9.94. BlackRock Long-Term Municipal Advantage Trust has a 12 month low of $8.76 and a 12 month high of $11.10.

BlackRock Long-Term Municipal Advantage Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.0495 per share. This represents a $0.59 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.