BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.35 and traded as low as $9.66. BlackRock Long-Term Municipal Advantage Trust shares last traded at $9.76, with a volume of 83,149 shares traded.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

The firm has a fifty day simple moving average of $10.32 and a two-hundred day simple moving average of $10.39.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.0495 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend was Monday, December 16th.

Hedge Funds Weigh In On BlackRock Long-Term Municipal Advantage Trust

A number of large investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in shares of BlackRock Long-Term Municipal Advantage Trust in the second quarter worth about $33,000. Landscape Capital Management L.L.C. acquired a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the third quarter valued at approximately $120,000. PFG Investments LLC purchased a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the third quarter valued at about $131,000. Concorde Asset Management LLC boosted its holdings in BlackRock Long-Term Municipal Advantage Trust by 12.4% in the 3rd quarter. Concorde Asset Management LLC now owns 12,577 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 1,392 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in BlackRock Long-Term Municipal Advantage Trust by 33.7% in the second quarter. Wolverine Asset Management LLC now owns 14,067 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 3,542 shares during the period.

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.