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BlackRock Long-Term Municipal Advantage Trust Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by BANK OF AMERICA CORP /DE/, was filed 13 Dec 2024.
BlackRock Long-Term Municipal Advantage Trust: what insiders have been doing
This page follows insider dealings at BlackRock Long-Term Municipal Advantage Trust as filed with SEC (Form 4), a company from the Finance & Banking sector. From 22 October 2025 to 22 October 2026, the disclosure feed for BlackRock Long-Term Municipal Advantage Trust logged 8 filings by 6 insiders.
No open-market purchase or sale appears among the filings, only grants, plan transactions and other operations. Compensation-driven entries like these are tracked, but they say little about how insiders judge the share price.
There has been no open-market purchase by an insider of BlackRock Long-Term Municipal Advantage Trust for at least a year. Typically, a trade is published a median of 3 days after it takes place. Section 16 rules allow two business days to file each Form 4.
With 8 filings in twelve months, the company is quieter than the median of 41 filings across the 2,023 companies we follow on the same exchange. The full history, which starts in 2016, counts 27 purchases against 14 sales.
Elsewhere in the same sector, our signals recently picked up insider purchases at BNP Paribas and ASR Nederland N.V. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
64
Thresholds
n/a
Buy Volume
€372,843
27 ops. · all time
Sell Volume
€26,286
14 ops. · all time
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
· cache
Last declaration on 25 February 2026
Declarations64 total
100 shares@ US$10.0395100.0% of flowCommon StockSEC:0001193125-26-072643:0
295 shares@ US$10.0395100.0% of flowCommon StockSEC:0001193125-26-072689:0
1,200 shares@ US$10.0395100.0% of flowCommon StockSEC:0001193125-26-072666:0
10.811 shares@ US$10.039549.3% of flowCommon StockSEC:0001193125-26-072604:0
43.78 shares@ US$9.5931.5% of flowCommon StockSEC:0001193125-26-035802:1
49.61 shares@ US$9.5931.5% of flowCommon StockSEC:0001193125-26-035817:1
49.615 sharesCommon StockSEC:0001193125-26-035817:0
43.778 sharesCommon StockSEC:0001193125-26-035802:0
46.57 shares@ US$9.8935.1% of flowCommon StockSEC:0000950170-25-013447:1
41.09 shares@ US$9.8935.1% of flowCommon StockSEC:0000950170-25-013481:1
46.572 sharesCommon StockSEC:0000950170-25-013447:0
41.093 sharesCommon StockSEC:0000950170-25-013481:0
100 shares@ US$13.03Common StockSEC:0001140361-24-049491:25
Canonical exit: 6 Oct 2016 (T+90)
100 shares@ US$13.05Common StockSEC:0001140361-24-049491:26
Canonical exit: 6 Oct 2016 (T+90)
51 shares@ US$13.20Common StockSEC:0001140361-24-049491:28
11 shares@ US$12.68Common StockSEC:0001140361-24-049491:1
Canonical exit: 5 Sept 2016 (T+90)
432 shares@ US$12.68Common StockSEC:0001140361-24-049491:2
Canonical exit: 5 Sept 2016 (T+90)
300 shares@ US$12.68Common StockSEC:0001140361-24-049491:3
Canonical exit: 5 Sept 2016 (T+90)
100 shares@ US$12.68Common StockSEC:0001140361-24-049491:4
Canonical exit: 5 Sept 2016 (T+90)
32 shares@ US$12.68Common StockSEC:0001140361-24-049491:5
Canonical exit: 5 Sept 2016 (T+90)
68 shares@ US$12.68Common StockSEC:0001140361-24-049491:6
Canonical exit: 5 Sept 2016 (T+90)
1,176 shares@ US$12.68Common StockSEC:0001140361-24-049491:7
100 shares@ US$12.81Common StockSEC:0001140361-24-049491:8
2 shares@ US$12.80Common StockSEC:0001140361-24-049491:9
153 shares@ US$12.76Common StockSEC:0001140361-24-049491:10
Canonical exit: 28 Sept 2016 (T+90)
25 of 64 declarations
About BlackRock Long-Term Municipal Advantage Trust
BlackRock Long-Term Municipal Advantage Trust (ticker: BTA) is a US-listed closed-end fund traded on the NYSE in the United States. For French-speaking investors, it is best understood as a specialized municipal-bond income vehicle managed by BlackRock, one of the world’s largest asset managers. The fund’s stated objective is to provide current income exempt from regular US federal income tax. To pursue that goal, BTA invests primarily in long-term municipal bonds and related derivative exposures, with a focus on securities whose maturity exceeds ten years at the time of purchase. That long-duration profile makes the fund more sensitive to interest-rate moves than short-dated fixed-income strategies, but it also aligns with investors seeking tax-advantaged yield. ([blackrock.com](https://www.blackrock.com/us/financial-professionals/products/240220/blackrock-longterm-municipal-advantage-trust-usd-fund?utm_source=openai))
The fund was launched on February 28, 2006, giving it a long operating history across multiple interest-rate and credit cycles. It sits within BlackRock’s municipal fixed income platform, where portfolio management is supported by specialist research, trading, and credit analysis. That platform matters because the US municipal market is highly fragmented and requires deep issuer-level credit work, disciplined duration management, and active portfolio construction. BlackRock’s scale and municipal expertise are therefore central elements of BTA’s competitive positioning. ([blackrock.com](https://www.blackrock.com/us/financial-professionals/products/240220/blackrock-longterm-municipal-advantage-trust-usd-fund?utm_source=openai))
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On the product side, BTA is designed for income-focused investors rather than capital-growth seekers. Its structure as a closed-end fund allows it to use leverage, which is common in the municipal CEF universe and can enhance distributable income when market conditions are favorable. BlackRock describes the portfolio as invested primarily in municipal obligations, with exposure also obtained through derivatives linked to municipal bonds. The fund is classified by Morningstar in the High Yield Muni category, indicating a meaningful allocation to higher-yielding municipal credits rather than only the highest-rated issuers. ([blackrock.com](https://www.blackrock.com/us/financial-professionals/products/240220/blackrock-longterm-municipal-advantage-trust-usd-fund?utm_source=openai))
In competitive terms, BTA competes with other municipal closed-end funds, municipal ETFs, and separately managed municipal bond mandates. Its appeal is grounded in BlackRock’s brand, the breadth of its fixed-income research organization, and its ability to manage a leveraged, actively run municipal portfolio at scale. Recent fund disclosures show a diversified portfolio of several hundred holdings, which suggests broad issuer and sector exposure within the municipal bond universe. ([blackrock.com](https://www.blackrock.com/us/financial-professionals/products/240220/blackrock-longterm-municipal-advantage-trust-usd-fund?utm_source=openai))
Recent developments have been mostly operational rather than transformational. BlackRock published updated fund materials and portfolio data in early 2026, confirming the ongoing execution of BTA’s strategy. In February 2026, BlackRock also announced reorganizations for several closed-end funds, underlining the firm’s ongoing portfolio management and product rationalization efforts across its fund lineup. For investors, BTA remains a specialized US municipal-income exposure with a clear tax-advantaged income proposition, but one that carries the usual risks of duration, credit selection, and leverage. ([blackrock.com](https://www.blackrock.com/us/financial-professionals/products/240220/blackrock-longterm-municipal-advantage-trust-usd-fund?utm_source=openai))
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