BlackRock Long-Term Municipal Advantage Trust
BTA
BTA was delisted on the 20th of February, 2026.
38 hedge funds and large institutions have $23.2M invested in BlackRock Long-Term Municipal Advantage Trust in 2022 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
88% more capital inflows, than outflows
Capital inflows: $6.04M | Capital outflows: $3.21M
31% more funds holding
Funds holding: 29 → 38 (+9)
2.27% more ownership
Funds ownership: 16.15% → 18.42% (+2.3%)
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$840K |
| 2 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$717K |
| 3 |
Wolverine Asset Management
Chicago,
Illinois
|
+$673K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$647K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$604K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.03M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$558K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$397K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$262K |
| 5 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$225K |
BTA Hedge Fund Activity: Q4 2022 in Review
38 of the 6,241 institutional investors tracked by Wall St. Rank reported a position in BlackRock Long-Term Municipal Advantage Trust (BTA) for Q4 2022, worth a combined $23.2M — up 8.9% from $21.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BTA positions and 4 closed out — a net gain of 9 holders — while 8 added to existing stakes and 13 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $840K. The largest seller was UBS Group, cutting an estimated $1.03M.
- 38 institutional investors held BlackRock Long-Term Municipal Advantage Trust (BTA) as of Q4 2022, up from 29 in Q3 2022.
- Funds reported $23.2M of BlackRock Long-Term Municipal Advantage Trust stock for Q4 2022, up 8.9% quarter-over-quarter.
- 13 funds opened new BlackRock Long-Term Municipal Advantage Trust positions in Q4 2022 and 4 closed out, a net change of +9 holders.
- The largest BlackRock Long-Term Municipal Advantage Trust buyer in Q4 2022 was Rivernorth Capital Management, an estimated $840K added.
- The largest BlackRock Long-Term Municipal Advantage Trust seller in Q4 2022 was UBS Group, an estimated $1.03M sold.
Based on aggregated 13F filings for Q4 2022.