BlackRock Municipal Income Trust Breaks Above 200-Day Moving Average - Bullish for BFK

In trading on Monday, shares of BlackRock Municipal Income Trust (BFK) crossed above their 200 day moving average of $13.20, changing hands as high as $13.22 per share. BlackRock Municipal Income Trust shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of BFK shares, versus its 200 day moving average:

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BlackRock Municipal Income Trust 200 Day Moving Average Chart

Looking at the chart above, BFK's low point in its 52 week range is $11.95 per share, with $16.08 as the 52 week high point — that compares with a last trade of $13.20.

According to the ETF Finder at ETF Channel, BFK makes up 1.11% of the CEF Municipal Income ETF ( XMPT) which is trading higher by about 0.3% on the day Monday.

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