Shaker Financial Services LLC Acquires Shares of 143,998 BlackRock Tchnlgy nd Prvt Eqty Trm Trst $BTX

Shaker Financial Services LLC bought a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 143,998 shares of the company’s stock, valued at approximately $965,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Bell Private Wealth Management LLC acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at about $865,000. Chapin Davis Inc. bought a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at about $624,000. Osaic Holdings Inc. acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 2nd quarter valued at approximately $448,000. Ballew Advisors Inc acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at approximately $183,000. Finally, Fountainhead AM LLC acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at approximately $114,000. 26.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert W. Fairbairn sold 21,936 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $6.52, for a total transaction of $143,022.72. Following the sale, the director owned 1 shares of the company’s stock, valued at $6.52. This trade represents a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.50% of the stock is owned by company insiders.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Performance

Shares of NYSE BTX opened at $6.81 on Wednesday. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 52-week low of $5.10 and a 52-week high of $8.31. The stock has a market cap of $400.61 million, a P/E ratio of -3.00 and a beta of 4.61. The firm has a 50 day moving average price of $6.72 and a 200 day moving average price of $6.91.

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.