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. Investors of record on Thursday, October 15th will be given a dividend of 0.0525 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Thursday, October 15th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Performance

BlackRock Tchnlgy nd Prvt Eqty Trm Trst stock opened at $8.80 on Friday. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a fifty-two week low of $6.13 and a fifty-two week high of $9.44. The firm’s 50-day simple moving average is $8.61 and its 200 day simple moving average is $8.08. The stock has a market cap of $517.96 million, a PE ratio of -3.88 and a beta of 4.61.

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

Several hedge funds have recently modified their holdings of BTX. Kestra Advisory Services LLC bought a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the fourth quarter valued at approximately $38,000. Newbridge Financial Services Group Inc. bought a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth $43,000. WPG Advisers LLC lifted its holdings in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 55.2% during the first quarter. WPG Advisers LLC now owns 7,055 shares of the company’s stock worth $47,000 after acquiring an additional 2,509 shares during the period. Comerica Bank purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter worth $47,000. Finally, Fifth Third Bancorp purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the first quarter worth $57,000. Institutional investors own 26.00% of the company’s stock.

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.