BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) Shares Break Above Fifty Day Moving Average – Here’s Why

BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $12.02 and traded as high as $12.74. BlackRock Virginia Municipal Bond Trust shares last traded at $12.55, with a volume of 4,750 shares changing hands.

BlackRock Virginia Municipal Bond Trust Stock Up 5.3%

The firm has a fifty day moving average of $12.02 and a 200 day moving average of $11.63.

BlackRock Virginia Municipal Bond Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a $0.0455 dividend. This represents a $0.55 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, November 13th.

Institutional Trading of BlackRock Virginia Municipal Bond Trust

A hedge fund recently bought a new stake in BlackRock Virginia Municipal Bond Trust stock. Rivernorth Capital Management LLC bought a new position in shares of BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 investment fund managed by BlackRock Advisors, LLC. The trust seeks to provide current income that is exempt from regular federal income tax and Virginia state income tax by investing primarily in municipal bonds.

Its portfolio generally consists of long-term obligations issued by the Commonwealth of Virginia, its municipalities, political subdivisions, and related public authorities. These securities may help finance public services and infrastructure, including transportation, education, utilities, healthcare, and other governmental projects.

As a closed-end fund, BHV’s shares trade on a stock exchange, while the fund’s assets are managed as a portfolio of municipal securities.