Ameriprise Financial Inc. boosted its holdings in shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) by 19.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,801 shares of the financial services provider’s stock after purchasing an additional 2,209 shares during the quarter. Ameriprise Financial Inc.’s holdings in BlackRock LT Municipal Advantage Trust were worth $163,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP increased its holdings in BlackRock LT Municipal Advantage Trust by 31.1% during the 2nd quarter. First Trust Advisors LP now owns 94,772 shares of the financial services provider’s stock worth $1,118,000 after purchasing an additional 22,457 shares during the last quarter. Wells Fargo & Company MN increased its holdings in BlackRock LT Municipal Advantage Trust by 15.3% during the 2nd quarter. Wells Fargo & Company MN now owns 178,767 shares of the financial services provider’s stock worth $2,109,000 after purchasing an additional 23,691 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in BlackRock LT Municipal Advantage Trust by 0.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 470,246 shares of the financial services provider’s stock worth $5,549,000 after purchasing an additional 2,447 shares during the last quarter.

BTA has been the topic of several analyst reports. Deutsche Bank AG restated a “sell” rating and set a GBX 265 ($3.49) price objective on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, July 24th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 390 ($5.13) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, August 7th. Macquarie boosted their price target on BlackRock LT Municipal Advantage Trust from GBX 340 ($4.47) to GBX 355 ($4.67) and gave the company an “outperform” rating in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, September 13th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a GBX 320 ($4.21) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. BlackRock LT Municipal Advantage Trust has an average rating of “Hold” and a consensus price target of $344.33.

BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at $12.05 on Monday. BlackRock LT Municipal Advantage Trust has a 12-month low of $10.73 and a 12-month high of $12.54.

The firm also recently declared a dividend, which will be paid on Monday, February 5th. Shareholders of record on Thursday, December 28th will be given a dividend of $4.85 per share. The ex-dividend date is Thursday, December 28th. This represents a yield of 1.96%.

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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).

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

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