BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) Shares Up 0.4% – Still a Buy?

BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV)’s share price shot up 0.4% during trading on Thursday . The company traded as high as $12.85 and last traded at $12.45. 3,910 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 4,852 shares. The stock had previously closed at $12.40.

BlackRock Virginia Municipal Bond Trust Trading Up 0.4%

The company’s fifty day moving average price is $11.24 and its 200-day moving average price is $10.89.

BlackRock Virginia Municipal Bond Trust Announces Dividend

The firm 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. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BlackRock Virginia Municipal Bond Trust stock. Rivernorth Capital Management LLC acquired a new stake in BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,561 shares of the company’s stock, valued at approximately $161,000.

About BlackRock Virginia Municipal Bond Trust

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.