BlackRock Long-Term Municipal Advantage Trust (BTA) Stock
The BlackRock Long-Term Municipal Advantage Trust (BTA) operates as a closed-end investment fund, overseen by BlackRock Advisors, LLC, an entity of BlackRock, Inc. Its investment strategy centers on the fixed income sector within the United States.
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About BlackRock Long-Term Municipal Advantage Trust
The BlackRock Long-Term Municipal Advantage Trust (BTA) operates as a closed-end investment fund, overseen by BlackRock Advisors, LLC, an entity of BlackRock, Inc. Its investment strategy centers on the fixed income sector within the United States. The fund employs financial derivatives as a tool to gain exposure to municipal debt instruments. A significant portion of its capital is channeled into long-duration municipal bonds, specifically those carrying an original maturity of more than a decade. This U.S.-domiciled trust was constituted on February 28, 2006.
BlackRock Long-Term Municipal Advantage Trust is headquartered in US.
BlackRock Long-Term Municipal Advantage Trust (BTA) stock trades at $9.72 with a market capitalization of $130.64M. The stock is valued at a price-to-earnings (P/E) ratio of -6.10, price-to-book of 1.02, price-to-sales of 12.62. Over the past 52 weeks the stock has ranged between $8.73 and $10.15, and currently trades 4.2% below its 52-week high. It pays a dividend yielding 6.07%.
On profitability, BlackRock Long-Term Municipal Advantage Trust generates a return on equity (ROE) of -16.26%, return on capital employed of -13.74%, an operating margin of -169.44%, a net profit margin of -207.32%.
Official website: www.blackrock.com/investing/products/240220/blackrock-longterm-municipal-advantage-trust-usd-fund