BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) Trading Up 4.3% – What’s Next?

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

BlackRock Virginia Municipal Bond Trust Stock Up 4.3%

The stock has a fifty day moving average of $11.86 and a 200-day moving average of $11.08.

BlackRock Virginia Municipal Bond Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0455 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of BlackRock Virginia Municipal Bond Trust

A hedge fund recently bought a new position in BlackRock Virginia Municipal Bond Trust stock. Rivernorth Capital Management LLC acquired a new stake in BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) during the first quarter, according to its most recent filing with the SEC. The firm acquired 15,561 shares of the company’s stock, valued at approximately $161,000.

BlackRock Virginia Municipal Bond Trust Company Profile

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.