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BlackRock Long-Term Municipal Advantage Trust (BTA)
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Upturn Advisory Summary
12/05/2025: BTA (1-star) is a SELL. SELL since 4 days. Simulated Profits (4.48%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -6.57% | Avg. Invested days 48 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/05/2025 |
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 |
Upturn AI SWOT
BlackRock Long-Term Municipal Advantage Trust
Company Overview
History and Background
BlackRock Long-Term Municipal Advantage Trust (MNC) is a closed-end fund managed by BlackRock, Inc. It was established to provide investors with a stream of tax-exempt income and capital appreciation through investments in a diversified portfolio of municipal bonds. As a closed-end fund, its shares trade on a stock exchange and are not redeemable with the fund. The fund's evolution has focused on navigating the municipal bond market to achieve its investment objectives.
Core Business Areas
- Municipal Bond Investments: The trust's core business is investing in a diversified portfolio of investment-grade municipal bonds issued by states, municipalities, and their agencies. The objective is to generate tax-exempt income for shareholders and preserve capital.
Leadership and Structure
BlackRock Long-Term Municipal Advantage Trust is managed by a team of portfolio managers at BlackRock, a global investment management corporation. The specific leadership team and organizational structure are typical of a large, established asset manager, with a focus on investment strategy, risk management, and operational efficiency.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: The trust's primary offering is its portfolio of municipal bonds, aiming for tax-exempt income. Specific holdings are diversified across various issuers, maturities, and credit qualities within the municipal market. Competitors include other closed-end municipal bond funds and open-end municipal bond funds from firms like Vanguard, Fidelity, PIMCO, and Invesco.
Market Dynamics
Industry Overview
The municipal bond market is characterized by its role in financing public infrastructure and services. It is influenced by interest rate movements, credit quality of issuers, and tax policies. The demand for tax-exempt income makes municipal bonds attractive to investors in higher tax brackets.
Positioning
BlackRock Long-Term Municipal Advantage Trust positions itself as a provider of tax-exempt income through a diversified municipal bond portfolio. Its strengths lie in BlackRock's extensive research capabilities and global reach in fixed income management. A potential challenge is the closed-end nature of the fund, which can lead to premiums or discounts to net asset value.
Total Addressable Market (TAM)
The TAM for municipal bonds is substantial, representing trillions of dollars in outstanding debt. BlackRock Long-Term Municipal Advantage Trust's positioning within this TAM is as a provider of diversified exposure to this market, catering to income-seeking investors.
Upturn SWOT Analysis
Strengths
- BlackRock's extensive research and investment expertise.
- Diversified portfolio of municipal bonds.
- Focus on tax-exempt income generation.
- Established brand reputation in asset management.
Weaknesses
- Closed-end fund structure can lead to price volatility independent of NAV.
- Sensitivity to interest rate changes.
- Reliance on the creditworthiness of municipal issuers.
Opportunities
- Potential for rising interest rates to increase future yields.
- Investor demand for tax-advantaged income.
- Infrastructure spending initiatives creating new municipal issuance.
- Opportunities for active management to outperform passive strategies.
Threats
- Deterioration in the credit quality of municipal issuers.
- Significant interest rate hikes that decrease bond values.
- Changes in tax laws that reduce the attractiveness of tax-exempt income.
- Increased competition from other fixed-income products.
Competitors and Market Share
Key Competitors
- Nuveen Municipal Value Fund (NUV)
- Oppenheimer Municipal Fund (OMFYX)
- Vanguard Tax-Exempt Bond Fund (VTEAX)
- Fidelity Municipal Bond Fund (FMAGX)
- PIMCO Municipal Bond Fund (PMBX)
Competitive Landscape
BlackRock Long-Term Municipal Advantage Trust competes in a crowded market of municipal bond funds, both closed-end and open-end. Its advantages include BlackRock's brand and expertise. Disadvantages can arise from the fund's specific fee structure, discount/premium to NAV, and investment strategy compared to competitors.
Growth Trajectory and Initiatives
Historical Growth: Growth for a fund like MNC is measured by the growth in its NAV and total return to shareholders. This is influenced by market performance and effective management.
Future Projections: Future projections are difficult to provide for a fund in the same way as for an operating company. Investor expectations are based on historical performance, current market outlook for municipal bonds, and the fund's strategy.
Recent Initiatives: Recent initiatives would likely focus on portfolio adjustments in response to market conditions, expense management, and efforts to maintain or enhance distributions.
Summary
BlackRock Long-Term Municipal Advantage Trust is a well-established closed-end fund focused on tax-exempt income from municipal bonds. Its strength lies in BlackRock's robust investment management capabilities and diversified portfolio. However, it faces inherent risks associated with interest rate sensitivity and potential discounts to NAV. The fund needs to continuously adapt its strategy to market fluctuations and investor demand for tax-advantaged income to maintain its competitive edge.
Similar Stocks
Sources and Disclaimers
Data Sources:
- BlackRock Investor Relations
- Financial Data Providers (e.g., Refinitiv, Bloomberg)
- SEC Filings (e.g., 10-K, N-CSR)
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Data accuracy is subject to the limitations of the sources used.
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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