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

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.0525 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Price Performance

NYSE:BTX opened at $8.80 on Friday. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a one year low of $6.13 and a one year high of $9.44. The stock has a market cap of $517.96 million, a P/E ratio of -3.88 and a beta of 4.61. The company has a fifty day moving average price of $8.61 and a 200 day moving average price of $8.08.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BTX. Lazard Asset Management LLC bought a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 4th quarter valued at $22,266,000. Rivernorth Capital Management LLC bought a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the first quarter worth about $16,962,000. Invesco Ltd. boosted its holdings in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 13.2% during the fourth quarter. Invesco Ltd. now owns 1,811,362 shares of the company’s stock valued at $11,937,000 after purchasing an additional 211,545 shares in the last quarter. Absolute Investment Advisers LLC raised its holdings in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 144.4% in the 1st quarter. Absolute Investment Advisers LLC now owns 1,549,398 shares of the company’s stock worth $10,226,000 after buying an additional 915,474 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter worth approximately $9,000,000. 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.