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BlackRock Long-Term Municipal Advantage Trust (BTA...
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN
US09250B1035
CUSIP
09250B103
IPO Date
Feb 27, 2006

Highlights

Market Cap
$130.64M
Enterprise Value
$210.22M
EPS (TTM)
-$3.18
Total Revenue (TTM)
$13.12M
Gross Profit (TTM)
$11.18M
EBITDA (TTM)
-$7.41M
Year Range
$8.73 - $9.90
ROA (TTM)
-10.09%
ROE (TTM)
-16.72%

Share Price Chart


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Often compared with BTA:
BTA vs. XLKBTA vs. VOO

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in BlackRock Long-Term Municipal Advantage Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period


BlackRock Long-Term Municipal Advantage Trust

1D
1M
YTD
6M
1Y
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.87%1.87%5.82%
20251.86%2.85%-3.76%-4.85%-0.34%1.43%-2.85%1.91%7.22%-0.22%-0.64%-0.76%1.29%
20241.50%-1.03%-1.54%-2.67%3.96%1.53%3.20%0.90%2.90%-3.84%3.31%-7.06%0.52%
20238.46%-3.84%2.82%2.35%-5.60%1.93%0.86%-1.52%-5.35%-1.20%9.37%7.03%14.83%
2022-16.07%-1.56%-4.20%-10.56%13.42%-5.39%9.70%-8.02%-10.75%-10.15%12.47%-4.02%-33.64%
20211.82%-2.03%0.95%4.67%1.45%2.41%0.69%6.42%-6.21%-0.80%1.06%11.94%23.51%

Benchmark Metrics

BlackRock Long-Term Municipal Advantage Trust has an annualized alpha of 3.12%, beta of 0.19, and R² of 0.06 versus S&P 500 Index. Calculated based on daily prices since February 28, 2006.

  • This stock participated in 47.24% of S&P 500 Index downside but only 38.15% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.19 may look defensive, but with R² of 0.06 this stock is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
  • R² of 0.06 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
3.12%
Beta
0.19
0.06
Upside Capture
38.15%
Downside Capture
47.24%

Return for Risk

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for BlackRock Long-Term Municipal Advantage Trust (BTA) and compare them to a chosen benchmark (S&P 500 Index).


Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Dividends

Dividend History

BlackRock Long-Term Municipal Advantage Trust provided a 5.60% dividend yield over the last twelve months, with an annual payout of $0.54 per share. The company has been increasing its dividends for 2 consecutive years.


4.50%5.00%5.50%6.00%6.50%$0.00$0.10$0.20$0.30$0.40$0.50$0.60$0.7020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.54$0.59$0.54$0.52$0.63$0.63$0.61$0.61$0.65$0.65$0.67$0.70

Dividend yield

5.60%6.40%5.53%5.11%6.74%4.20%4.79%4.75%6.10%5.46%5.95%6.05%

Monthly Dividends

The table displays the monthly dividend distributions for BlackRock Long-Term Municipal Advantage Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.05$0.05$0.10
2025$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.59
2024$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.05$0.05$0.54
2023$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.52
2022$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.04$0.04$0.06$0.63
2021$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.63

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the BlackRock Long-Term Municipal Advantage Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BlackRock Long-Term Municipal Advantage Trust was 56.42%, occurring on Dec 16, 2008. Recovery took 425 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-56.42%Feb 20, 2007462Dec 16, 2008425Aug 25, 2010887
-39.88%Dec 31, 2021213Nov 3, 2022
-31.92%Feb 24, 202021Mar 23, 2020213Jan 26, 2021234
-23.44%Jan 28, 2013142Aug 19, 2013573Nov 25, 2015715
-21.24%Aug 30, 201099Jan 19, 2011173Sep 26, 2011272

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of BlackRock Long-Term Municipal Advantage Trust over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how BlackRock Long-Term Municipal Advantage Trust is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for BTA relative to other companies in the Asset Management industry. Currently, BTA has a P/S ratio of 5.0. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for BTA in comparison with other companies in the Asset Management industry. Currently, BTA has a P/B value of 1.0. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items