BlackRock Long-Term Municipal Advantage Trust
BTA
BTA was delisted on the 20th of February, 2026.
34 hedge funds and large institutions have $23.3M invested in BlackRock Long-Term Municipal Advantage Trust in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 6 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
0% more capital invested
Capital invested by funds: $23.2M → $23.3M (+$62K)
0.98% less ownership
Funds ownership: 18.42% → 17.44% (-0.98%)
11% less funds holding
Funds holding: 38 → 34 (-4)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$439K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$224K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$174K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$169K |
| 5 |
VanEck Associates
New York
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$848K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$693K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$390K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$303K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$140K |
BTA Hedge Fund Activity: Q1 2023 in Review
34 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in BlackRock Long-Term Municipal Advantage Trust (BTA) for Q1 2023, worth a combined $23.3M — up 0.27% from $23.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BTA and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 12 added.
The largest buyer was Guggenheim Capital, adding an estimated $439K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $848K sold.
- 34 institutional investors held BlackRock Long-Term Municipal Advantage Trust (BTA) as of Q1 2023, down from 38 in Q4 2022.
- Funds reported $23.3M of BlackRock Long-Term Municipal Advantage Trust stock for Q1 2023, up 0.27% quarter-over-quarter.
- 4 funds opened new BlackRock Long-Term Municipal Advantage Trust positions in Q1 2023 and 6 closed out, a net change of -2 holders.
- The largest BlackRock Long-Term Municipal Advantage Trust buyer in Q1 2023 was Guggenheim Capital, an estimated $439K added.
- The largest BlackRock Long-Term Municipal Advantage Trust seller in Q1 2023 was Rivernorth Capital Management, an estimated $848K sold.
Based on aggregated 13F filings for Q1 2023.