BlackRock Long-Term Municipal Advantage Trust
BTA
BTA was delisted on the 20th of February, 2026.
25 hedge funds and large institutions have $36.4M invested in BlackRock Long-Term Municipal Advantage Trust in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 3 reducing their positions, and 6 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 3
1% more capital invested
Capital invested by funds: $36.2M → $36.4M (+$256K)
0.35% more ownership
Funds ownership: 21.13% → 21.48% (+0.35%)
14% less funds holding
Funds holding: 29 → 25 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.5M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$674K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$410K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$153K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$82.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$855K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$392K |
| 3 |
Morgan Stanley
New York
|
-$368K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$349K |
| 5 |
GC
Grimes & Company
Westborough,
Massachusetts
|
-$208K |
BTA Hedge Fund Activity: Q3 2016 in Review
25 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in BlackRock Long-Term Municipal Advantage Trust (BTA) for Q3 2016, worth a combined $36.4M — up 0.71% from $36.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BTA and 2 opened new positions — a net loss of 4 holders — while 3 trimmed existing stakes and 12 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.5M. The largest seller was Mackay Shields LLC, cutting an estimated $855K.
- 25 institutional investors held BlackRock Long-Term Municipal Advantage Trust (BTA) as of Q3 2016, down from 29 in Q2 2016.
- Funds reported $36.4M of BlackRock Long-Term Municipal Advantage Trust stock for Q3 2016, up 0.71% quarter-over-quarter.
- 2 funds opened new BlackRock Long-Term Municipal Advantage Trust positions in Q3 2016 and 6 closed out, a net change of -4 holders.
- The largest BlackRock Long-Term Municipal Advantage Trust buyer in Q3 2016 was Advisors Asset Management, an estimated $1.5M added.
- The largest BlackRock Long-Term Municipal Advantage Trust seller in Q3 2016 was Mackay Shields LLC, an estimated $855K sold.
Based on aggregated 13F filings for Q3 2016.