Alex Filonov's  Instablog

Alex Filonov
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I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in... More
My blog:
Muddling Investor
  • Reducing BTA On Valuation 0 comments
    Apr 2, 2012 4:56 PM | about stocks: BTA

    Today I sold part of my Blackrock Long Term Municipal Advantage Trust (NYSE:BTA). Reason is simple: in the morning, this closed-end fund traded at more than 4% premium to its net asset value. I have nothing against BTA, to my taste it's the best muni CEF. If (when) it's going to trade at discount to NAV, I will buy it back. But profits are made to be taken.

    Disclosure: I am long BTA.

    Additional disclosure: Positions can change any time.

    Stocks: BTA
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