Matisse Capital Invests $3.69 Million in BlackRock Tchnlgy nd Prvt Eqty Trm Trst $BTX

Matisse Capital acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) in the third quarter, Holdings Channel reports. The firm acquired 551,000 shares of the company’s stock, valued at approximately $3,692,000. BlackRock Tchnlgy nd Prvt Eqty Trm Trst accounts for approximately 1.7% of Matisse Capital’s holdings, making the stock its 12th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 3rd quarter worth approximately $3,538,000. Shaker Financial Services LLC purchased a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth $965,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at $865,000. Chapin Davis Inc. acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at $624,000. Finally, Osaic Holdings Inc. purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the second quarter valued at $448,000. 26.00% of the stock is owned by hedge funds and other institutional investors.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Price Performance

BTX opened at $6.91 on Tuesday. The business has a fifty day moving average price of $6.69 and a 200 day moving average price of $6.91. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 12 month low of $5.10 and a 12 month high of $8.31. The stock has a market capitalization of $406.49 million, a price-to-earnings ratio of -3.04 and a beta of 4.61.

Insider Activity

In related news, Director Robert W. Fairbairn sold 21,936 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $6.52, for a total transaction of $143,022.72. Following the sale, the director directly owned 1 shares in the company, valued at approximately $6.52. This represents a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.50% 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.