Oppenheimer & Co. Inc. Has $140,000 Stake in BlackRock LT Municipal Advantage Trust (BTA)

Oppenheimer & Co. Inc. lowered its stake in BlackRock LT Municipal Advantage Trust (NYSE:BTA) by 29.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,600 shares of the financial services provider’s stock after selling 4,804 shares during the quarter. Oppenheimer & Co. Inc. owned 0.09% of BlackRock LT Municipal Advantage Trust worth $140,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in BTA. Cambridge Investment Research Advisors Inc. acquired a new stake in BlackRock LT Municipal Advantage Trust in the 3rd quarter valued at $126,000. First Allied Advisory Services Inc. acquired a new stake in BlackRock LT Municipal Advantage Trust in the 2nd quarter valued at $156,000. Ameriprise Financial Inc. grew its stake in BlackRock LT Municipal Advantage Trust by 19.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,801 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 2,209 shares during the period. Laurion Capital Management LP acquired a new stake in BlackRock LT Municipal Advantage Trust in the 2nd quarter valued at $366,000. Finally, Van ECK Associates Corp grew its stake in BlackRock LT Municipal Advantage Trust by 14.6% in the 2nd quarter. Van ECK Associates Corp now owns 33,037 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 4,214 shares during the period.

BlackRock LT Municipal Advantage Trust (NYSE BTA) opened at $12.07 on Wednesday. BlackRock LT Municipal Advantage Trust has a fifty-two week low of $10.86 and a fifty-two week high of $12.54.

The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 12th will be issued a dividend of $0.0545 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.65 annualized dividend and a dividend yield of 5.42%.

BTA has been the topic of a number of research reports. Macquarie raised their price objective on BlackRock LT Municipal Advantage Trust from GBX 355 ($4.78) to GBX 380 ($5.11) and gave the company an “outperform” rating in a report on Tuesday, November 7th. Goldman Sachs Group restated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, September 13th. Credit Suisse Group decreased their price objective on BlackRock LT Municipal Advantage Trust from GBX 320 ($4.31) to GBX 280 ($3.77) and set a “neutral” rating on the stock in a report on Tuesday, November 7th. Citigroup lowered BlackRock LT Municipal Advantage Trust to a “neutral” rating and decreased their price objective for the company from GBX 360 ($4.85) to GBX 310 ($4.17) in a report on Monday, October 9th. Finally, Numis Securities restated a “buy” rating and issued a GBX 390 ($5.25) price objective on shares of BlackRock LT Municipal Advantage Trust in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. BlackRock LT Municipal Advantage Trust currently has an average rating of “Hold” and a consensus price target of $344.33.

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BlackRock LT Municipal Advantage Trust Company Profile

BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).

Institutional Ownership by Quarter for BlackRock LT Municipal Advantage Trust (NYSE:BTA)

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