BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) Shares Up 1% Following Dividend Announcement

BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) shot up 1% on Tuesday after the company announced a dividend. The stock traded as high as $10.31 and last traded at $10.31. 140 shares traded hands during trading, a decline of 97% from the average session volume of 4,018 shares. The stock had previously closed at $10.21.

The newly announced dividend which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.0515 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from BlackRock Virginia Municipal Bond Trust’s previous dividend of $0.03. This represents a yield of 605.0%.

BlackRock Virginia Municipal Bond Trust Price Performance

The stock’s 50-day moving average price is $10.36 and its 200 day moving average price is $10.55.

Institutional Investors Weigh In On BlackRock Virginia Municipal Bond Trust

An institutional investor recently bought a new position in BlackRock Virginia Municipal Bond Trust stock. Canal Capital Management LLC purchased a new stake in shares of BlackRock Virginia Municipal Bond Trust (NYSEAMERICAN:BHV) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 28,075 shares of the company’s stock, valued at approximately $309,000.

BlackRock Virginia Municipal Bond Trust Company Profile

Blackrock Virginia Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of United States. It primarily invests in the investment grade municipal bonds exempt from federal income taxes and Virginia personal income taxes.