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BlackRock Long-Term Municipal Advantage Trust (BTA)


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Upturn Advisory Summary
10/22/2025: BTA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -3.58% | Avg. Invested days 44 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 |
Upturn AI SWOT
BlackRock Long-Term Municipal Advantage Trust
Company Overview
History and Background
BlackRock Long-Term Municipal Advantage Trust (BTA) is a closed-end fund established to provide current income exempt from federal income tax, with a secondary objective of seeking attractive total return. Details of its founding year and initial milestones are available from BlackRock's official investor relations resources.
Core Business Areas
- Municipal Bond Investments: Investing in a diversified portfolio of municipal bonds, focusing on long-term maturities to enhance yield.
Leadership and Structure
BlackRock, Inc. manages the fund. Specific leadership details for the fund can be found on BlackRock's website and filings.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: A diversified portfolio of municipal bonds designed to generate tax-exempt income and long-term capital appreciation. Market share data is not directly applicable as it's a specific fund within a larger asset management landscape. Competitors include other closed-end municipal bond funds managed by firms like Nuveen, Eaton Vance, and Invesco.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit quality of issuers, and tax law changes. Demand is driven by investors seeking tax-advantaged income.
Positioning
BTA is positioned as a long-term, tax-exempt income vehicle. Its competitive advantage lies in BlackRock's extensive research capabilities and portfolio management expertise.
Total Addressable Market (TAM)
The TAM for municipal bonds is trillions of dollars. BTA's market share is relatively small, indicating significant potential for growth within the larger market.
Upturn SWOT Analysis
Strengths
- Experienced Management Team (BlackRock)
- Diversified Municipal Bond Portfolio
- Tax-Exempt Income
- Established Brand
Weaknesses
- Interest Rate Sensitivity
- Credit Risk of Municipal Issuers
- Closed-End Fund Structure (Discount/Premium to NAV)
- Management Fees
Opportunities
- Increasing Demand for Tax-Exempt Income
- Potential for Capital Appreciation in Undervalued Municipal Bonds
- Expansion of Investment Mandate
- Acquisition of Smaller Funds
Threats
- Rising Interest Rates
- Credit Downgrades of Municipal Issuers
- Changes in Tax Laws
- Increased Competition from Other Funds
Competitors and Market Share
Key Competitors
- Nuveen Quality Municipal Income Fund (NAD)
- Eaton Vance Municipal Income Trust (EIM)
- Invesco Municipal Trust (VKQ)
Competitive Landscape
BTA competes with other closed-end municipal bond funds based on yield, expense ratio, and investment strategy. BlackRock's size and brand recognition provide an advantage. Accurate market share figures for individual closed-end funds are not readily available.
Growth Trajectory and Initiatives
Historical Growth: Growth depends on NAV appreciation and the ability to maintain a stable distribution rate. Requires analysis of past performance data.
Future Projections: Analyst estimates may provide insights into future growth, but such estimates are subject to change based on market conditions.
Recent Initiatives: Monitor BlackRock's announcements for any changes to BTA's investment strategy or distribution policy.
Summary
BlackRock Long-Term Municipal Advantage Trust offers tax-exempt income through a diversified municipal bond portfolio. Its strength lies in BlackRock's management expertise, but it's vulnerable to interest rate risk. Monitoring credit quality of municipal issuers and maintaining a competitive expense ratio are crucial. The fund's performance is closely tied to broader trends in the municipal bond market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BlackRock official website
- SEC filings
- Financial data providers (e.g., Bloomberg, Reuters)
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data for individual closed-end funds is not precise and based on estimated assets under management.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.

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