Raymond James Financial Inc. Makes New Investment in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

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

Several other institutional investors and hedge funds also recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. acquired a new stake in BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth about $1,432,000. Stratos Investment Management LLC bought a new position in BlackRock Long-Term Municipal Advantage Trust during the fourth quarter valued at about $163,000. Finally, Van ECK Associates Corp lifted its stake in shares of BlackRock Long-Term Municipal Advantage Trust by 2.8% in the fourth quarter. Van ECK Associates Corp now owns 68,884 shares of the financial services provider’s stock worth $672,000 after buying an additional 1,845 shares during the last quarter.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

NYSE BTA opened at $9.71 on Monday. The company’s fifty day moving average is $9.87 and its two-hundred day moving average is $10.18. BlackRock Long-Term Municipal Advantage Trust has a 52-week low of $9.48 and a 52-week high of $11.10.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.0495 dividend. This represents a $0.59 annualized dividend and a yield of 6.12%. The ex-dividend date is Friday, March 14th.

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.