Tyche Wealth Partners LLC Invests $408,000 in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA)

Tyche Wealth Partners LLC purchased a new stake in BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,904 shares of the financial services provider’s stock, valued at approximately $408,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates raised its stake in BlackRock Long-Term Municipal Advantage Trust by 14.6% during the third quarter. Raymond James & Associates now owns 12,532 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,600 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of BlackRock Long-Term Municipal Advantage Trust by 4.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 41,048 shares of the financial services provider’s stock valued at $481,000 after buying an additional 1,783 shares during the period. Royal Bank of Canada lifted its holdings in BlackRock Long-Term Municipal Advantage Trust by 18.9% in the second quarter. Royal Bank of Canada now owns 12,903 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 2,054 shares during the last quarter. Osaic Holdings Inc. grew its position in BlackRock Long-Term Municipal Advantage Trust by 69.9% in the second quarter. Osaic Holdings Inc. now owns 11,617 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 4,779 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in BlackRock Long-Term Municipal Advantage Trust by 41.1% during the first quarter. Envestnet Asset Management Inc. now owns 17,156 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 4,993 shares during the last quarter.

BlackRock Long-Term Municipal Advantage Trust Stock Performance

NYSE:BTA opened at $9.71 on Thursday. BlackRock Long-Term Municipal Advantage Trust has a 52 week low of $8.59 and a 52 week high of $10.62. The stock’s fifty day moving average is $10.09 and its two-hundred day moving average is $9.82.

BlackRock Long-Term Municipal Advantage Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.043 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.52 dividend on an annualized basis and a yield of 5.31%.

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.