BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) Stock Price Up 4.3% – Still a Buy?

BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV – Get Free Report) shares shot up 4.3% on Tuesday . The company traded as high as $13.30 and last traded at $13.25. 12,724 shares were traded during mid-day trading, an increase of 156% from the average session volume of 4,978 shares. The stock had previously closed at $12.70.

BlackRock Virginia Municipal Bond Trust Stock Performance

The company has a 50-day simple moving average of $11.90 and a 200-day simple moving average of $11.10.

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BlackRock Virginia Municipal Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0455 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BlackRock Virginia Municipal Bond Trust stock. Rivernorth Capital Management LLC purchased a new position in shares of BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,561 shares of the company’s stock, valued at approximately $161,000.

BlackRock Virginia Municipal Bond Trust Company Profile

(Get Free Report)

BlackRock Virginia Municipal Bond Trust (NYSE American: BHV) is a closed-end management investment company that seeks to provide high current income exempt from regular federal and Virginia state income taxes. The trust pursues this objective by investing primarily in investment-grade municipal securities, with a focus on bonds issued by entities located in or serving the Commonwealth of Virginia.

BHV’s portfolio typically consists of general obligation and revenue bonds, including those issued by state and local governments, public authorities, and other municipal issuers.

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