BlackRock Long-Term Municipal Advantage Trust (BTA)

• Market cap: $132M
• 1 day: 1.45%
• 5 days: 4.93%
• 1 month: 9.39%
• 3 months: 8.06%
• 6 months: -1.11%
• Year to date: -0.71%
• 1 year: -8.33%
• 5 years: -19.82%
• 10 years: -10.43%
• Sector: Financials
• Industry: Asset Management

About: Blackrock Long-term Municipal AdtgTrust is a diversified investment fund with an investment objective to provide current income exempt from regular U.S. federal income tax. The Fund invests more of its total assets in municipal bonds, municipal securities, and derivative instruments.

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

600% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 1

10% more funds holding

Funds holding: 40 [Q1] → 44 (+4) [Q2]

0.03% more ownership

Funds ownership: 22.5% [Q1] → 22.53% (+0.03%) [Q2]

14% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 14

18% less capital invested

Capital invested by funds: $34.1M [Q1] → $27.8M (-$6.29M) [Q2]