Dividend Flows Don’t Lie: BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) advises investors to expect $0.05 dividends on Nov 1, 2016.

Dividend Flows Don't Lie: BlackRock Long Term Municipal Advantage Trust (NYSE:BTA) advises investors to expect $0.05 dividends on Nov 1, 2016.

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) is expected to pay $0.05 on Nov 1, 2016. The indicated annual dividend is $0.65. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on BlackRock Long-Term Municipal Advantage Trust’s current price of $12.46, the dividend is 0.43%. This dividend’s record date is Oct 14, 2016 and the announcement date is Oct 5, 2016. The stock decreased 0.08% or $0.01 on October 10, hitting $12.46. BlackRock LT Municipal Advantage Trust (NYSE:BTA) has risen 5.68% since March 8, 2016 and is uptrending. It has underperformed by 3.63% the S&P500.

BlackRock Long-Term Municipal Advantage Trust is a non-diversified, closed-end management investment company. The company has a market cap of $166.97 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax. It has a 11.57 P/E ratio. 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).

Insitutional Activity: The institutional sentiment decreased to 0.5 in 2016 Q2. Its down 0.50, from 1 in 2016Q1. The ratio dived, as 7 funds sold all BlackRock LT Municipal Advantage Trust shares owned while 11 reduced positions. 2 funds bought stakes while 7 increased positions. They now own 2.68 million shares or 12.19% less from 3.05 million shares in 2016Q1.
Thomas J Herzfeld Advsr holds 0.03% or 4,206 shares in its portfolio. Raymond James Fin Services Advsr has invested 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Morgan Stanley accumulated 0% or 72,024 shares. Guggenheim Lc owns 212,251 shares or 0.01% of their US portfolio. Benjamin F Edwards last reported 0% of its portfolio in the stock. Highlander Cap Management Ltd Llc accumulated 0.02% or 2,000 shares. Pnc Fincl Grp Inc Inc has 0% invested in the company for 1,900 shares. State Bank Of America De holds 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 7,422 shares. Grimes And Inc holds 0.03% or 16,300 shares in its portfolio. Sit Invest Assocs holds 0.24% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 704,225 shares. Monetary Mngmt Grp owns 10,001 shares or 0.06% of their US portfolio. Oxbow Lc holds 0.04% or 24,055 shares in its portfolio. Moreover, Invesco Ltd has 0% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 526,722 shares. Wells Fargo And Company Mn holds 53,229 shares or 0% of its portfolio. Tradewinds Cap Llc has 106,921 shares for 0.98% of their US portfolio.

BTA 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, which in the opinion of bond counsel to the issuer, is exempt from regular Federal income tax. Under normal market conditions, the Trust will invest at least 80% of its total assets in municipal bonds, municipal securities and derivative instruments with exposure to such bonds and securities, in each case that are expected to pay interest or income that is exempt from regular Federal income tax. The Trust may invest up to 25% of its net assets in residual interest municipal tender option bonds.

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