Dividend Worth Mentioning Today: $0.05 just might be within reach for BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) shareholder.

Dividend Worth Mentioning Today: $0.05 just might be within reach for BlackRock Long Term Municipal Advantage Trust (NYSE:BTA) shareholder.

BlackRock Long-Term Municipal Advantage Trust (NYSE:BTA) is expected to pay $0.05 on Dec 1, 2016. The indicated annual dividend is $0.65. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on BlackRock Long-Term Municipal Advantage Trust’s current price of $11.83, the dividend is 0.46%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.34% or $0.04 on November 8, hitting $11.83. BlackRock LT Municipal Advantage Trust (NYSE:BTA) has declined 2.71% since April 7, 2016 and is downtrending. It has underperformed by 7.50% 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 $158.25 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax. It has a 10.98 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 Q2 2016. Its down 0.50, from 1 in 2016Q1. The ratio turned negative, 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.
Robinson Limited Liability Company reported 27,386 shares or 0.2% of all its holdings. First Tru Advisors Lp owns 33,179 shares or 0% of their US portfolio. Nuveen Asset Mgmt Ltd Liability holds 0% or 17,081 shares in its portfolio. The Washington-based Tradewinds Cap Mgmt Ltd Llc has invested 0.98% in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Oxbow Lc has invested 0.04% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Morgan Stanley, a New York-based fund reported 72,024 shares. Van Eck Corporation accumulated 0% or 36,719 shares. Guggenheim Limited Liability Company last reported 212,251 shares in the company. Stifel Finance has invested 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Thomas J Herzfeld has 0.03% invested in the company for 4,206 shares. Benjamin F Edwards & Co Inc accumulated 0% or 1,327 shares. Raymond James Financial Advsr last reported 0% of its portfolio in the stock. Highlander Capital Mgmt Limited Liability Company last reported 0.02% of its portfolio in the stock. Natl Bank Of America De has invested 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Pnc Finance Ser Gp Incorporated reported 1,900 shares or 0% of all its holdings.

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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