BlackRock Tchnlgy nd Prvt Eqty Trm Trst Plans Monthly Dividend of $0.05 (NYSE:BTX)

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTXGet Free Report) declared a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0525 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Up 1.2%

NYSE BTX traded up $0.11 during trading hours on Friday, hitting $9.06. The company’s stock had a trading volume of 716,341 shares, compared to its average volume of 820,178. The stock has a fifty day moving average of $8.16 and a 200 day moving average of $7.17. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a twelve month low of $6.13 and a twelve month high of $9.39. The firm has a market capitalization of $532.67 million, a P/E ratio of -3.99 and a beta of 4.61.

Hedge Funds Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst

Several large investors have recently bought and sold shares of BTX. WPG Advisers LLC lifted its holdings in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 122.8% in the fourth quarter. WPG Advisers LLC now owns 4,546 shares of the company’s stock valued at $30,000 after buying an additional 2,506 shares during the period. Kestra Advisory Services LLC acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the fourth quarter valued at approximately $38,000. Newbridge Financial Services Group Inc. acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at approximately $43,000. Comerica Bank acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at approximately $47,000. Finally, Fifth Third Bancorp acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the first quarter valued at approximately $57,000. 26.00% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE: BTX) is a closed-end, term investment trust listed on the New York Stock Exchange. The vehicle is structured to provide investors with exposure to technology-focused companies and private equity investments through a managed portfolio of equity securities and related instruments. As a term trust, BTX operates with a defined life and an eventual liquidation or conversion mechanism determined by the fund’s governing documents and shareholder votes.

The trust’s stated investment focus centers on companies operating in the technology sector and on private equity interests that complement its public market holdings.

See Also

Dividend History for BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX)

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