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BTA
Upturn stock ratingUpturn stock rating

BlackRock Long-Term Municipal Advantage Trust (BTA)

Upturn stock ratingUpturn stock rating
$8.91
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

04/22/2025: BTA (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $0

1 Year Target Price $0

Analysts Price Target For last 52 week
$0Target price
Low$
Current$8.91
high$

Analysis of Past Performance

Type Stock
Historic Profit -17.89%
Avg. Invested days 44
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/22/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 121.23M USD
Price to earnings Ratio 15.55
1Y Target Price -
Price to earnings Ratio 15.55
1Y Target Price -
Volume (30-day avg) -
Beta 0.79
52 Weeks Range 8.62 - 10.70
Updated Date 06/29/2025
52 Weeks Range 8.62 - 10.70
Updated Date 06/29/2025
Dividends yield (FY) 6.59%
Basic EPS (TTM) 0.58

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 70.85%
Operating Margin (TTM) 81.9%

Management Effectiveness

Return on Assets (TTM) 2.53%
Return on Equity (TTM) 5.51%

Valuation

Trailing PE 15.55
Forward PE -
Enterprise Value 223932112
Price to Sales(TTM) 11.11
Enterprise Value 223932112
Price to Sales(TTM) 11.11
Enterprise Value to Revenue 14.92
Enterprise Value to EBITDA -
Shares Outstanding 13439900
Shares Floating -
Shares Outstanding 13439900
Shares Floating -
Percent Insiders -
Percent Institutions 26.7

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

BlackRock Long-Term Municipal Advantage Trust

stock logo

Company Overview

overview logo History and Background

BlackRock Long-Term Municipal Advantage Trust (BTA) is a closed-end management investment company. It was formed to seek high current income exempt from federal income tax, with a secondary goal of capital appreciation.

business area logo Core Business Areas

  • Municipal Bond Investments: Invests primarily in long-term municipal bonds to generate tax-exempt income.

leadership logo Leadership and Structure

BlackRock Advisors, LLC serves as the investment advisor. The Trust is governed by a board of trustees.

Top Products and Market Share

overview logo Key Offerings

  • Tax-Exempt Municipal Bonds: BTA's primary product is its portfolio of tax-exempt municipal bonds. Market share data is difficult to pinpoint specifically for BTA, as it competes within the broader closed-end municipal bond fund market. Competitors include Nuveen, Eaton Vance, and Invesco. Specific revenue generated is dependent on net asset value and fund performance.

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by interest rates, credit quality of issuers, and overall economic conditions. Tax law changes can significantly impact demand for tax-exempt securities.

Positioning

BTA positions itself as a provider of high current tax-exempt income through active management of its municipal bond portfolio. Its competitive advantage lies in BlackRock's expertise in fixed-income investing and access to market intelligence.

Total Addressable Market (TAM)

The total addressable market for municipal bonds is in the trillions of dollars. BTA's position within this TAM is a small, actively managed segment focused on long-term municipal bonds.

Upturn SWOT Analysis

Strengths

  • Experienced management team (BlackRock)
  • Focus on tax-exempt income
  • Active management strategy
  • Diversified municipal bond portfolio

Weaknesses

  • Sensitivity to interest rate changes
  • Potential for credit risk
  • NAV can fluctuate based on market conditions
  • Expense ratio

Opportunities

  • Increasing demand for tax-exempt income
  • Potential for capital appreciation in a declining interest rate environment
  • Expansion of municipal bond market
  • Active management to outperform benchmark

Threats

  • Rising interest rates
  • Credit downgrades of municipal issuers
  • Changes in tax laws
  • Increased competition from other municipal bond funds

Competitors and Market Share

competitor logo Key Competitors

  • Nuveen AMT-Free Municipal Credit Income Fund (NVG)
  • Eaton Vance Municipal Income Trust (EVN)
  • Invesco Municipal Trust (VKQ)

Competitive Landscape

BTA competes with other closed-end municipal bond funds based on its investment strategy, performance, distribution rate, and expense ratio. BlackRock's brand and global reach are advantages.

Growth Trajectory and Initiatives

Historical Growth: Growth depends on market conditions, investment performance, and ability to attract and retain assets.

Future Projections: Future growth is tied to the municipal bond market outlook and BlackRock's ability to generate alpha.

Recent Initiatives: Active management of the portfolio to adapt to changing market conditions and identify attractive investment opportunities.

Summary

BlackRock Long-Term Municipal Advantage Trust aims to provide high tax-exempt income. The trust benefits from BlackRock's management expertise, but is vulnerable to interest rate changes and credit risk. Performance is largely dependent on the overall health of the municipal bond market. They need to watch out for any tax law changes and interest rate hikes.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • BlackRock official website
  • Morningstar
  • SEC filings

Disclaimers:

This analysis is for informational purposes only and should not be considered investment advice. Market data is subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About BlackRock Long-Term Municipal Advantage Trust

Exchange NYSE
Headquaters New York, NY, United States
IPO Launch date 2006-02-27
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

BlackRock Long-Term Municipal Advantage Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It uses financial derivatives to invest in municipal obligations. The fund primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of investment. BlackRock Long-Term Municipal Advantage Trust was formed on February 28, 2006 and is domiciled in United States.