Wolverine Asset Management LLC Buys 20,499 Shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Wolverine Asset Management LLC lifted its stake in shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 145.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,566 shares of the financial services provider’s stock after purchasing an additional 20,499 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in BlackRock Long-Term Municipal Advantage Trust by 9.5% during the second quarter. Van ECK Associates Corp now owns 67,732 shares of the financial services provider’s stock worth $686,000 after buying an additional 5,892 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in shares of BlackRock Long-Term Municipal Advantage Trust by 7.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 43,025 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 3,000 shares during the period. Tyche Wealth Partners LLC lifted its stake in BlackRock Long-Term Municipal Advantage Trust by 3.5% in the 2nd quarter. Tyche Wealth Partners LLC now owns 41,299 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 1,395 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in BlackRock Long-Term Municipal Advantage Trust by 8.1% during the second quarter. HBK Sorce Advisory LLC now owns 26,375 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 1,980 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in BlackRock Long-Term Municipal Advantage Trust during the first quarter worth approximately $180,000.

BlackRock Long-Term Municipal Advantage Trust Stock Down 0.2 %

BTA opened at $10.48 on Thursday. BlackRock Long-Term Municipal Advantage Trust has a 12-month low of $9.10 and a 12-month high of $10.97. The business has a 50 day moving average of $10.54 and a 200-day moving average of $10.34.

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 issued a dividend of $0.0495 per share. This represents a $0.59 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend is Friday, November 15th.

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.