BlackRock LT Municipal Advantage Trust (BTA) Shares Sold by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC lessened its holdings in shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) by 11.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 98,488 shares of the financial services provider’s stock after selling 13,130 shares during the period. Tradewinds Capital Management LLC’s holdings in BlackRock LT Municipal Advantage Trust were worth $1,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BTA. Cambridge Investment Research Advisors Inc. acquired a new position in shares of BlackRock LT Municipal Advantage Trust during the 3rd quarter worth about $126,000. First Allied Advisory Services Inc. acquired a new position in shares of BlackRock LT Municipal Advantage Trust during the 2nd quarter worth about $156,000. Ameriprise Financial Inc. lifted its position in shares of BlackRock LT Municipal Advantage Trust by 19.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,801 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 2,209 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of BlackRock LT Municipal Advantage Trust by 7.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 42,323 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 2,976 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of BlackRock LT Municipal Advantage Trust by 4.6% during the 3rd quarter. First Trust Advisors LP now owns 99,157 shares of the financial services provider’s stock worth $1,201,000 after purchasing an additional 4,385 shares during the last quarter.

BlackRock LT Municipal Advantage Trust (BTA) traded up $0.02 during trading on Thursday, reaching $11.47. The company’s stock had a trading volume of 31,357 shares, compared to its average volume of 49,233. The firm has a market cap of $153.68, a PE ratio of 29.36 and a beta of -0.05. BlackRock LT Municipal Advantage Trust has a 12-month low of $11.08 and a 12-month high of $12.54.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 16th will be issued a $0.0545 dividend. The ex-dividend date is Friday, January 12th. This represents a $0.65 annualized dividend and a yield of 5.70%.

BTA has been the subject of several research analyst reports. Deutsche Bank reissued a “sell” rating and set a GBX 265 ($3.72) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, November 1st. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 320 ($4.49) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, October 13th. Barclays reaffirmed an “overweight” rating and issued a GBX 450 ($6.32) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, October 13th. Numis Securities reaffirmed a “buy” rating and issued a GBX 390 ($5.48) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Thursday, November 2nd. Finally, Citigroup cut BlackRock LT Municipal Advantage Trust to a “neutral” rating and cut their price target for the company from GBX 360 ($5.06) to GBX 310 ($4.35) in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. BlackRock LT Municipal Advantage Trust currently has an average rating of “Hold” and an average price target of $333.93.

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BlackRock LT Municipal Advantage Trust 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).

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

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