BlackRock Long-Term Municipal Advantage Trust
BTA
BTA was delisted on the 20th of February, 2026.
27 hedge funds and large institutions have $21.1M invested in BlackRock Long-Term Municipal Advantage Trust in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 5 closing their positions.
20% more capital invested
Capital invested by funds: $17.6M → $21.1M (+$3.47M)
1.23% more ownership
Funds ownership: 11.11% → 12.35% (+1.2%)
7% less funds holding
Funds holding: 29 → 27 (-2)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.85M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$496K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$442K |
| 4 |
S
SignatureFD
Atlanta,
Georgia
|
+$121K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$77.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
-$326K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$190K |
| 3 |
Morgan Stanley
New York
|
-$188K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$182K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$69K |
BTA Hedge Fund Activity: Q4 2020 in Review
27 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in BlackRock Long-Term Municipal Advantage Trust (BTA) for Q4 2020, worth a combined $21.1M — up 20% from $17.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BTA and 4 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 9 added.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.85M. The largest seller was Nuveen, exiting entirely with an estimated $326K sold.
- 27 institutional investors held BlackRock Long-Term Municipal Advantage Trust (BTA) as of Q4 2020, down from 29 in Q3 2020.
- Funds reported $21.1M of BlackRock Long-Term Municipal Advantage Trust stock for Q4 2020, up 20% quarter-over-quarter.
- 4 funds opened new BlackRock Long-Term Municipal Advantage Trust positions in Q4 2020 and 5 closed out, a net change of -1 holder.
- The largest BlackRock Long-Term Municipal Advantage Trust buyer in Q4 2020 was Robinson Capital Management, an estimated $1.85M added.
- The largest BlackRock Long-Term Municipal Advantage Trust seller in Q4 2020 was Nuveen, an estimated $326K sold.
Based on aggregated 13F filings for Q4 2020.