BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) Trading Up 1.4% – Here’s Why

BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) shares rose 1.4% during trading on Wednesday . The stock traded as high as $10.62 and last traded at $10.50. Approximately 5,927 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 4,828 shares. The stock had previously closed at $10.36.

BlackRock Virginia Municipal Bond Trust Stock Up 1.4%

The stock has a 50 day moving average of $10.66 and a two-hundred day moving average of $10.80.

BlackRock Virginia Municipal Bond Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.0455 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%.

Hedge Funds Weigh In On BlackRock Virginia Municipal Bond Trust

An institutional investor recently bought a new position in BlackRock Virginia Municipal Bond Trust stock. Raymond James Financial Inc. bought a new stake in shares of BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,999 shares of the company’s stock, valued at approximately $42,000.

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.