In a notable performance within the municipal bond market, BlackRock (NYSE:BLK) Long Term Muni Advantage Trust (BTA) stock has reached a 52-week high, trading at $10.99, while offering an attractive dividend yield of 5.46%. According to InvestingPro data, the fund has maintained dividend payments for 19 consecutive years. This peak reflects a robust year-over-year growth, with the fund delivering an 11.43% total return year-to-date. Investors have shown increased confidence in the municipal bond sector, often seen as a haven during volatile market conditions, supported by BTA's low beta of 0.7 and steady performance metrics. InvestingPro subscribers can access additional insights about the fund's stability indicators and market positioning. The 52-week high milestone for BTA underscores a period of strong performance, aligning with broader trends in the fixed-income market where investors seek stability and tax-advantaged income. With a market capitalization of $146.63 million, the fund demonstrates consistent growth potential while maintaining its focus on long-term value creation.
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