BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) Trading 4.3% Higher – Should You Buy?

BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV)’s share price rose 4.3% during mid-day trading on Tuesday . The stock traded as high as $13.30 and last traded at $13.25. 12,724 shares traded hands during 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 Performance

The firm’s 50 day moving average is $11.86 and its two-hundred day moving average is $11.08.

BlackRock Virginia Municipal Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0455 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.1%.

Institutional Trading of BlackRock Virginia Municipal Bond Trust

An institutional investor recently bought a new stake in BlackRock Virginia Municipal Bond Trust stock. Raymond James Financial Inc. bought a new position in shares of BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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.