BlackRock Long-Term Municipal Advantage Trust
BTA
BTA was delisted on the 20th of February, 2026.
0 hedge funds and large institutions have $0 invested in BlackRock Long-Term Municipal Advantage Trust in 2026 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 0 increasing their positions, 0 reducing their positions, and 46 closing their positions.
27.06% less ownership
Funds ownership: 27.06% → 0% (-27%)
100% less funds holding
Funds holding: 46 → 0 (-46)
100% less capital invested
Capital invested by funds: $33.8M → $0 (-$33.8M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 46
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.9M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.19M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$4.1M |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$2.23M |
| 5 |
Morgan Stanley
New York
|
-$1.98M |
BTA Hedge Fund Activity: Q1 2026 in Review
0 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in BlackRock Long-Term Municipal Advantage Trust (BTA) for Q1 2026, worth a combined $0 — down 100% from $33.8M a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of BTA and 0 opened new positions — a net loss of 46 holders — while 0 trimmed existing stakes and 0 added.
The largest seller was Sit Investment Associates, exiting entirely with an estimated $6.9M sold.
- 0 institutional investors held BlackRock Long-Term Municipal Advantage Trust (BTA) as of Q1 2026, down from 46 in Q4 2025.
- Funds reported $0 of BlackRock Long-Term Municipal Advantage Trust stock for Q1 2026, down 100% quarter-over-quarter.
- 0 funds opened new BlackRock Long-Term Municipal Advantage Trust positions in Q1 2026 and 46 closed out, a net change of -46 holders.
- The largest BlackRock Long-Term Municipal Advantage Trust seller in Q1 2026 was Sit Investment Associates, an estimated $6.9M sold.
Based on aggregated 13F filings for Q1 2026.