BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $12.14 and traded as low as $11.18. BlackRock Virginia Municipal Bond Trust shares last traded at $11.18, with a volume of 2,653 shares changing hands.

BlackRock Virginia Municipal Bond Trust Stock Performance

The company’s 50-day moving average price is $12.14 and its 200 day moving average price is $12.00.

BlackRock Virginia Municipal Bond Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0455 dividend. This represents a $0.55 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, December 11th.

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 position in shares of BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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 is a closed-end management investment company listed on the NYSE American under the symbol BHV. The trust seeks to provide current income that is exempt from regular federal income tax and Virginia personal income tax by investing primarily in municipal bonds and other tax-exempt obligations.

The trust’s portfolio generally consists of debt securities issued by or on behalf of the Commonwealth of Virginia, its municipalities, and other public entities.