BlackRock Long-Term Municipal Advantage Trust
BTA
BTA was delisted on the 20th of February, 2026.
30 hedge funds and large institutions have $28.2M invested in BlackRock Long-Term Municipal Advantage Trust in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 7 closing their positions.
1.12% less ownership
Funds ownership: 20.81% → 19.69% (-1.1%)
6% less funds holding
Funds holding: 32 → 30 (-2)
10% less capital invested
Capital invested by funds: $31.5M → $28.2M (-$3.3M)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.2M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$303K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$202K |
| 4 |
OC
Oppenheimer & Co
New York
|
+$178K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
+$130K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$711K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$663K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$566K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$432K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$386K |
BTA Hedge Fund Activity: Q4 2018 in Review
30 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in BlackRock Long-Term Municipal Advantage Trust (BTA) for Q4 2018, worth a combined $28.2M — down 10% from $31.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BTA and 5 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $1.2M. The largest seller was Invesco, cutting an estimated $711K.
- 30 institutional investors held BlackRock Long-Term Municipal Advantage Trust (BTA) as of Q4 2018, down from 32 in Q3 2018.
- Funds reported $28.2M of BlackRock Long-Term Municipal Advantage Trust stock for Q4 2018, down 10% quarter-over-quarter.
- 5 funds opened new BlackRock Long-Term Municipal Advantage Trust positions in Q4 2018 and 7 closed out, a net change of -2 holders.
- The largest BlackRock Long-Term Municipal Advantage Trust buyer in Q4 2018 was Morgan Stanley, an estimated $1.2M added.
- The largest BlackRock Long-Term Municipal Advantage Trust seller in Q4 2018 was Invesco, an estimated $711K sold.
Based on aggregated 13F filings for Q4 2018.