BHV Stock Summary and Trading Ideas (Blackrock Va Muni-Bond Co | NYSE:BHV)

BlackRock Virginia Municipal Bond Trust’s (BHV) (the “Trust”) investment objective is to provide current income exempt from regular federal income tax and Virginia personal income taxes. The Trust seeks to achieve its investment objectives by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and Virginia personal income taxes. The Trust invests, under normal market conditions, at least 80% of its assets in municipal bonds that are investment grade quality at the time of investment. The Trust may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Va Muni-Bond Co trades on the NYSE stock market under the symbol BHV.

As of April 24, 2024, BHV stock price declined to $10.70 with 4,388 million shares trading.

BHV has a market cap of $17.00 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, BHV stock traded as high as $21.47 and as low as $8.85.

BHV has underperformed the market in the last year with a return of +3.6%, while the SPY ETF gained +24.2%. In the last 3 month period, BHV fell short of the market, returning +0.1%, while SPY returned +4.6%. However, in the most recent 2 weeks BHV has outperformed the stock market by returning -0.5%, while SPY returned -2.7%.

BHV support price is $10.61 and resistance is $10.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BHV stock will trade within this expected range on the day.