HBK Sorce Advisory LLC Grows Position in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

HBK Sorce Advisory LLC lifted its stake in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,825 shares of the financial services provider’s stock after buying an additional 2,450 shares during the quarter. HBK Sorce Advisory LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $281,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BTA. Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 3rd quarter valued at about $120,000. Concorde Asset Management LLC raised its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 12.4% during the 3rd quarter. Concorde Asset Management LLC now owns 12,577 shares of the financial services provider’s stock valued at $135,000 after buying an additional 1,392 shares during the period. Natural Investments LLC purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 4th quarter valued at about $156,000. Stratos Investment Management LLC purchased a new stake in BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth approximately $163,000. Finally, Van ECK Associates Corp increased its holdings in BlackRock Long-Term Municipal Advantage Trust by 2.8% during the 4th 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.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

BTA stock opened at $9.74 on Friday. BlackRock Long-Term Municipal Advantage Trust has a 52-week low of $9.48 and a 52-week high of $11.10. The stock’s 50 day moving average is $9.87 and its two-hundred day moving average is $10.24.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0495 per share. The ex-dividend date is Friday, March 14th. This represents a $0.59 annualized dividend and a yield of 6.10%.

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.