Stratos Wealth Advisors LLC Sells 32,100 Shares of BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Stratos Wealth Advisors LLC reduced its position in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) by 42.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,692 shares of the financial services provider’s stock after selling 32,100 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in BlackRock Long-Term Municipal Advantage Trust were worth $417,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Landscape Capital Management L.L.C. bought a new stake in BlackRock Long-Term Municipal Advantage Trust during the third quarter valued at $120,000. PFG Investments LLC bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust during the 3rd quarter valued at about $131,000. Concorde Asset Management LLC grew its stake in BlackRock Long-Term Municipal Advantage Trust by 12.4% during the third quarter. Concorde Asset Management LLC now owns 12,577 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 1,392 shares during the period. Wolverine Asset Management LLC increased its holdings in BlackRock Long-Term Municipal Advantage Trust by 145.7% in the third quarter. Wolverine Asset Management LLC now owns 34,566 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 20,499 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in BlackRock Long-Term Municipal Advantage Trust in the fourth quarter valued at approximately $1,432,000.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

BlackRock Long-Term Municipal Advantage Trust stock opened at $9.92 on Friday. The stock’s 50 day moving average price is $10.02 and its two-hundred day moving average price is $10.33. 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 declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.0495 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date is Friday, February 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.