BlackRock Long-Term Municipal Advantage Trust Announces Insider Share Sales on 2025-01-31

As of January 31, 2025, BlackRock Long-Term Municipal Advantage Trust (BTA) has announced that Kevin Maloney has sold 41.09 shares at a price of $9.89 per share, while Phillip Soccio has sold 46.57 shares at the same price.

BlackRock Long-Term Municipal Advantage Trust (BTA), a leading municipal bond mutual fund managed by BlackRock, recently witnessed the sale of significant stakes by two of its prominent portfolio managers, Kevin Maloney and Phillip Soccio [1]. The sales, totaling 87.66 shares, occurred at a price of $9.89 per share [2].

Kevin Maloney, a Co-Head and Portfolio Manager for the Municipal Mutual Funds team at BlackRock, sold 41.09 shares, representing approximately 0.1% of his total holdings in the fund. Maloney, who began his career at BlackRock in 1998, has been a key figure in the firm's municipal bond business for over two decades. His extensive experience includes roles in portfolio management, trading, and client service [1].

Phillip Soccio, another experienced Portfolio Manager for the Municipal Fixed Income business at BlackRock, sold 46.57 shares, accounting for around 0.1% of his total stake in the fund. Soccio, who joined BlackRock in 1998, has held various positions within the firm, including roles in cash management, institutional client service, and portfolio management [1].

The reasons behind these sales are not publicly disclosed, and it is essential to note that mutual fund managers frequently buy and sell shares in their funds for various reasons, such as portfolio rebalancing, market conditions, or personal financial planning.

Despite the recent sales, BlackRock Long-Term Municipal Advantage Trust remains a well-established and highly regarded municipal bond mutual fund. The fund, which seeks to provide investors with a high level of current income exempt from federal income tax, has a long track record of strong performance and a diverse portfolio of municipal bonds [1].

For more information on BlackRock Long-Term Municipal Advantage Trust and its portfolio managers, please visit the fund's website or contact your financial advisor.

[1] BlackRock. (2025). BlackRock Long-Term Municipal Advantage Trust. Retrieved from https://www.blackrock.com/us/individual/products/240220/blackrock-longterm-municipal-advantage-trust-usd-fund
[2] MarketBeat. (2025). BlackRock Long-Term Municipal Advantage Trust (BTA). Retrieved from https://www.marketbeat.com/stocks/NYSE/BTA/insider-trading/