RMB Capital Management LLC decreased its position in Invesco California Value Municipal Income Trust (NYSE:VCV) by 60.1% during the first quarter, according to its most recent Form 13F filing with the SEC. Berenberg Bank cut their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 400 ($5.06) to GBX 343 ($4.34) and set a “hold” rating for the company in a research report on Friday, May 5th. Moreover, Capital Investment Advisors Llc has 0.11% invested in the company for 106,100 shares. This represents a $1.58 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date of this dividend is Monday, June 12th.
BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded up 0.17% during midday trading on Friday, hitting $11.91. 13,852 shares of the stock were exchanged. Invesco Senior Income Trust has a 12 month low of $4.07 and a 12 month high of $4.77. The company has a 50-day moving average of $11.76 and a 200-day moving average of $11.49.
Robinson Capital Management Llc holds 3.03% of its portfolio in Pioneer Municipal High Income Trust for 470,765 shares.
TRADEMARK VIOLATION WARNING: This story was originally posted by BBNS and is the sole property of of BBNS. BNP Paribas downgraded BlackRock LT Municipal Advantage Trust to an “underperform” rating and set a GBX 260 ($3.29) price target on the stock.in a report on Thursday, May 25th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 425 ($5.41) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday, March 13th. The stock presently has a consensus rating of “Hold” and an average price target of $366.43. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of USA and global trademark & copyright laws. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/06/19/blackrock-lt-municipal-advantage-trust-bta-to-go-ex-dividend-on-june-13th-updated.html. Finally, Sit Investment Associates Inc. boosted its position in shares of BlackRock LT Municipal Advantage Trust by 0.9% in the third quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of BBN. Ladenburg Thalmann Financial Services Inc. now owns 51,044 shares of the investment management company’s stock valued at $620,000 after buying an additional 2,369 shares during the last quarter. Morgan Stanley owned approximately 0.25% of BlackRock LT Municipal Advantage Trust worth $386,000 at the end of the most recent reporting period.
The Trust’s investment objective is to provide a high level of current income, consistent with preservation of capital. The Trust invests primarily in a portfolio of interests in floating or variable senior loans to corporations, partnerships and other entities, which operate in a range of industries and geographic regions.