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

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

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Up 1.2%

BTX traded up $0.11 on Friday, hitting $9.06. 716,341 shares of the company traded hands, compared to its average volume of 820,178. The company has a 50 day moving average of $8.16 and a 200-day moving average of $7.17. The stock has a market capitalization of $532.67 million, a PE ratio of -3.99 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 12-month low of $6.13 and a 12-month high of $9.39.

Institutional Trading of BlackRock Tchnlgy nd Prvt Eqty Trm Trst

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 7.4% during the 1st quarter. Bank of America Corp DE now owns 447,999 shares of the company’s stock worth $2,957,000 after buying an additional 30,745 shares in the last quarter. Rivernorth Capital Management LLC purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 1st quarter worth approximately $16,962,000. Saba Capital Management L.P. purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 1st quarter worth approximately $5,044,000. Punch & Associates Investment Management Inc. purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 1st quarter worth approximately $164,000. Finally, Cetera Investment Advisers raised its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 64.5% during the 1st quarter. Cetera Investment Advisers now owns 22,004 shares of the company’s stock worth $145,000 after buying an additional 8,626 shares in the last quarter. 26.00% of the stock is owned by hedge funds and other institutional investors.

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.