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

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) announced a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0525 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Wednesday, July 15th.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Performance

BlackRock Tchnlgy nd Prvt Eqty Trm Trst stock opened at $8.63 on Monday. The firm has a market cap of $507.96 million, a price-to-earnings ratio of -3.80 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 1 year low of $6.13 and a 1 year high of $9.44. The firm’s 50 day moving average price is $8.79 and its two-hundred day moving average price is $7.49.

Institutional Investors Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst

Several large investors have recently modified their holdings of BTX. WPG Advisers LLC raised its position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 122.8% during the fourth quarter. WPG Advisers LLC now owns 4,546 shares of the company’s stock worth $30,000 after purchasing an additional 2,506 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 4th quarter valued at $38,000. Newbridge Financial Services Group Inc. purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter worth about $43,000. Comerica Bank acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 3rd quarter worth about $47,000. Finally, Fifth Third Bancorp acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 1st quarter worth about $57,000. 26.00% of the stock is owned by 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.