BlackRock LT Municipal Advantage Trust (BTA) Reaches New 52-Week Low at $10.73

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) reached a new 52-week low on Friday . The company traded as low as $10.73 and last traded at $10.74, with a volume of 200 shares trading hands. The stock had previously closed at $10.81.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 1st. Investors of record on Monday, October 15th will be paid a $0.054 dividend. The ex-dividend date of this dividend is Friday, October 12th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.03%.

Several institutional investors have recently bought and sold shares of BTA. Laurion Capital Management LP boosted its stake in shares of BlackRock LT Municipal Advantage Trust by 258.9% in the second quarter. Laurion Capital Management LP now owns 110,843 shares of the financial services provider’s stock valued at $1,247,000 after buying an additional 79,957 shares in the last quarter. Guggenheim Capital LLC boosted its position in BlackRock LT Municipal Advantage Trust by 10.7% during the first quarter. Guggenheim Capital LLC now owns 231,811 shares of the financial services provider’s stock worth $2,624,000 after purchasing an additional 22,338 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in BlackRock LT Municipal Advantage Trust during the second quarter worth $241,000. IFP Advisors Inc boosted its position in BlackRock LT Municipal Advantage Trust by 27.1% during the second quarter. IFP Advisors Inc now owns 31,214 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 6,660 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in BlackRock LT Municipal Advantage Trust by 3.5% during the first quarter. Wells Fargo & Company MN now owns 182,520 shares of the financial services provider’s stock worth $2,066,000 after purchasing an additional 6,131 shares in the last quarter.

About BlackRock LT Municipal Advantage Trust (NYSE:BTA)

There is no company description available for BlackRock Long-Term Municipal Advantage Trust.

See Also: Diversification

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