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BNP Paribas announced BlackRock LT Municipal Advantage Trust (NYSE:BTA), boosting its stock price target to $260.00 today

Boasting a price of $11.77, BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded 0.00% even on the day. With the last stock price close down 2.23% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. BlackRock LT Municipal Advantage Trust has recorded a 50-day average of $12.23 and a two hundred day average of $11.90. Volume of trade was down over the average, with 27,808 shares of BTA changing hands under the typical 42,057

In a report released on 05/25/2017 BNP Paribas increased the stock price target of BlackRock LT Municipal Advantage Trust (NYSE:BTA) to $260.00 stating a potential upside of 21.09%.

Performance Chart

BlackRock LT Municipal Advantage Trust (NYSE:BTA)

With a total market value of $0, BlackRock LT Municipal Advantage Trust has with a one year low of $10.73 and a one year high of $12.54 .

More About BlackRock LT Municipal Advantage Trust (NYSE:BTA)

BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax). The Trust invests primarily in long-term municipal bonds with a maturity of more than 10 years at the time of investment. The Trust's municipal bond portfolio will have a dollar-weighted average maturity of more than 10 years. The Trust may invest directly in such securities or synthetically through the use of derivatives. BlackRock Advisors, LLC is the investment manager of the Trust.

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