Natural Investments LLC Invests $156,000 in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Natural Investments LLC acquired a new stake in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,985 shares of the financial services provider’s stock, valued at approximately $156,000.

Several other hedge funds have also added to or reduced their stakes in the business. Wolverine Asset Management LLC increased its position in BlackRock Long-Term Municipal Advantage Trust by 145.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 34,566 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 20,499 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of BlackRock Long-Term Municipal Advantage Trust in the third quarter worth $120,000. Concorde Asset Management LLC increased its holdings in BlackRock Long-Term Municipal Advantage Trust by 12.4% in the third 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 period. Hennion & Walsh Asset Management Inc. bought a new position in BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth $1,432,000. Finally, Stratos Investment Management LLC acquired a new position in BlackRock Long-Term Municipal Advantage Trust during the 4th quarter worth about $163,000.

BlackRock Long-Term Municipal Advantage Trust Price Performance

Shares of BTA stock opened at $9.88 on Thursday. BlackRock Long-Term Municipal Advantage Trust has a 1-year low of $9.48 and a 1-year high of $11.10. The stock has a 50-day moving average of $9.88 and a 200-day moving average of $10.25.

BlackRock Long-Term Municipal Advantage Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0495 per share. This represents a $0.59 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date is Friday, March 14th.

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.