BlackRock Long-Term Municipal Advantage Trust
BTA
BTA was delisted on the 20th of February, 2026.
30 hedge funds and large institutions have $32.5M invested in BlackRock Long-Term Municipal Advantage Trust in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 4 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
5% less capital invested
Capital invested by funds: $34.2M → $32.5M (-$1.68M)
1.58% less ownership
Funds ownership: 21.6% → 20.02% (-1.6%)
9% less funds holding
Funds holding: 33 → 30 (-3)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$239K |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$126K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$77.3K |
| 4 |
SPIA
Steward Partners Investment Advisory
New York
|
+$61.5K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$53.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$663K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$553K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$470K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$400K |
| 5 |
LCM
Laurion Capital Management
New York
|
-$366K |
BTA Hedge Fund Activity: Q3 2017 in Review
30 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in BlackRock Long-Term Municipal Advantage Trust (BTA) for Q3 2017, worth a combined $32.5M — down 4.9% from $34.2M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BTA and 2 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 10 added.
The largest buyer was Morgan Stanley, adding an estimated $239K. The largest seller was Advisors Asset Management, cutting an estimated $663K.
- 30 institutional investors held BlackRock Long-Term Municipal Advantage Trust (BTA) as of Q3 2017, down from 33 in Q2 2017.
- Funds reported $32.5M of BlackRock Long-Term Municipal Advantage Trust stock for Q3 2017, down 4.9% quarter-over-quarter.
- 2 funds opened new BlackRock Long-Term Municipal Advantage Trust positions in Q3 2017 and 4 closed out, a net change of -2 holders.
- The largest BlackRock Long-Term Municipal Advantage Trust buyer in Q3 2017 was Morgan Stanley, an estimated $239K added.
- The largest BlackRock Long-Term Municipal Advantage Trust seller in Q3 2017 was Advisors Asset Management, an estimated $663K sold.
Based on aggregated 13F filings for Q3 2017.