- ISIN
- US09250B1035
- CUSIP
- 09250B103
- Sector
- Financial Services
- Industry
- Asset Management
- IPO Date
- Feb 27, 2006
Highlights
- Market Cap
- $130.64M
- Enterprise Value
- $210.22M
- EPS (TTM)
- -$1.59
- Total Revenue (TTM)
- $13.12M
- Gross Profit (TTM)
- $11.18M
- EBITDA (TTM)
- -$7.41M
- Year Range
- $8.73 - $9.86
- ROA (TTM)
- -10.09%
- ROE (TTM)
- -16.72%
Share Price Chart
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Performance
BTA Performance Chart
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Returns By Period
BlackRock Long-Term Municipal Advantage Trust
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
BTA Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.87% | 1.87% | 5.82% | ||||||||||
| 2025 | 1.86% | 2.85% | -3.76% | -4.85% | -0.34% | 1.43% | -2.85% | 1.91% | 7.22% | -0.22% | -0.64% | -0.76% | 1.29% |
| 2024 | 1.50% | -1.03% | -1.54% | -2.67% | 3.96% | 1.53% | 3.20% | 0.90% | 2.90% | -3.84% | 3.31% | -7.06% | 0.52% |
| 2023 | 8.46% | -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% |
| 2021 | 1.82% | -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
- R²
- 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 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 4.58% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The company has been increasing its dividends for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.59 | $0.54 | $0.52 | $0.63 | $0.63 | $0.61 | $0.61 | $0.65 | $0.65 | $0.67 | $0.70 |
Dividend yield | 4.58% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.42%Dec 2008 | 1y 10mo | 1y 8mo | 3y 6moFeb 2007 - Aug 2010 |
Bear market2022 | -39.88%Nov 2022 | 10mo 7d | — | 4y 5moDec 2021 - now |
COVID crash2020 | -31.92%Mar 2020 | 28d | 10mo 9d | 11mo 7dFeb 2020 - Jan 2021 |
2013 bear market2013 | -23.44%Aug 2013 | 6mo 23d | 2y 3mo | 2y 10moJan 2013 - Nov 2015 |
2011 bear market2011 | -21.24%Jan 2011 | 4mo 22d | 8mo 10d | 1y 27dAug 2010 - Sep 2011 |
Drawdown Indicators
| BTA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -0.74% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.72% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
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.
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 10.0. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.
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 | — |
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