BlackRock Long-Term Municipal Advantage Trust
BTA
BTA was delisted on the 20th of February, 2026.
33 hedge funds and large institutions have $37.3M invested in BlackRock Long-Term Municipal Advantage Trust in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 6 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
3% less capital invested
Capital invested by funds: $38.3M → $37.3M (-$1.05M)
1.49% less ownership
Funds ownership: 24.81% → 23.32% (-1.5%)
8% less funds holding
Funds holding: 36 → 33 (-3)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.36M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.19M |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$379K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$169K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$168K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.06M |
| 2 |
Cohen & Steers
New York
|
-$1.02M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$352K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$304K |
| 5 |
LCM
Laurion Capital Management
New York
|
-$240K |
BTA Hedge Fund Activity: Q1 2016 in Review
33 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in BlackRock Long-Term Municipal Advantage Trust (BTA) for Q1 2016, worth a combined $37.3M — down 2.8% from $38.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BTA and 3 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 12 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.36M. The largest seller was Karpus Investment Management, cutting an estimated $3.06M.
- 33 institutional investors held BlackRock Long-Term Municipal Advantage Trust (BTA) as of Q1 2016, down from 36 in Q4 2015.
- Funds reported $37.3M of BlackRock Long-Term Municipal Advantage Trust stock for Q1 2016, down 2.8% quarter-over-quarter.
- 3 funds opened new BlackRock Long-Term Municipal Advantage Trust positions in Q1 2016 and 6 closed out, a net change of -3 holders.
- The largest BlackRock Long-Term Municipal Advantage Trust buyer in Q1 2016 was Advisors Asset Management, an estimated $1.36M added.
- The largest BlackRock Long-Term Municipal Advantage Trust seller in Q1 2016 was Karpus Investment Management, an estimated $3.06M sold.
Based on aggregated 13F filings for Q1 2016.